Future Balance Sheet Health
Financial Health criteria checks 3/6
Future has a total shareholder equity of £1.1B and total debt of £320.5M, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are £1.8B and £686.3M respectively. Future's EBIT is £160.2M making its interest coverage ratio 4.6. It has cash and short-term investments of £23.1M.
Key information
29.3%
Debt to equity ratio
UK£320.50m
Debt
| Interest coverage ratio | 4.6x |
| Cash | UK£23.10m |
| Equity | UK£1.10b |
| Total liabilities | UK£686.30m |
| Total assets | UK£1.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRNW.F's short term assets (£161.5M) do not cover its short term liabilities (£207.3M).
Long Term Liabilities: FRNW.F's short term assets (£161.5M) do not cover its long term liabilities (£479.0M).
Debt to Equity History and Analysis
Debt Level: FRNW.F's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: FRNW.F's debt to equity ratio has increased from 23.8% to 29.3% over the past 5 years.
Debt Coverage: FRNW.F's debt is well covered by operating cash flow (60.3%).
Interest Coverage: FRNW.F's interest payments on its debt are well covered by EBIT (4.6x coverage).