Ibstock Balance Sheet Health
Financial Health criteria checks 4/6
Ibstock has a total shareholder equity of £399.9M and total debt of £124.5M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are £754.2M and £354.4M respectively. Ibstock's EBIT is £64.5M making its interest coverage ratio 12.4. It has cash and short-term investments of £23.9M.
Key information
31.1%
Debt to equity ratio
UK£124.49m
Debt
| Interest coverage ratio | 12.4x |
| Cash | UK£23.87m |
| Equity | UK£399.87m |
| Total liabilities | UK£354.36m |
| Total assets | UK£754.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IBJH.F's short term assets (£182.2M) exceed its short term liabilities (£121.3M).
Long Term Liabilities: IBJH.F's short term assets (£182.2M) do not cover its long term liabilities (£233.0M).
Debt to Equity History and Analysis
Debt Level: IBJH.F's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: IBJH.F's debt to equity ratio has increased from 18.8% to 31.1% over the past 5 years.
Debt Coverage: IBJH.F's debt is well covered by operating cash flow (46.8%).
Interest Coverage: IBJH.F's interest payments on its debt are well covered by EBIT (12.4x coverage).