Workspace Group Balance Sheet Health
Financial Health criteria checks 1/6
Workspace Group has a total shareholder equity of £1.5B and total debt of £855.4M, which brings its debt-to-equity ratio to 56.1%. Its total assets and total liabilities are £2.5B and £982.3M respectively. Workspace Group's EBIT is £98.9M making its interest coverage ratio 3.1. It has cash and short-term investments of £9.0M.
Key information
56.1%
Debt to equity ratio
UK£855.40m
Debt
| Interest coverage ratio | 3.1x |
| Cash | UK£9.00m |
| Equity | UK£1.52b |
| Total liabilities | UK£982.30m |
| Total assets | UK£2.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WKPP.F's short term assets (£93.4M) do not cover its short term liabilities (£171.8M).
Long Term Liabilities: WKPP.F's short term assets (£93.4M) do not cover its long term liabilities (£810.5M).
Debt to Equity History and Analysis
Debt Level: WKPP.F's net debt to equity ratio (55.5%) is considered high.
Reducing Debt: WKPP.F's debt to equity ratio has increased from 30.5% to 56.1% over the past 5 years.
Debt Coverage: WKPP.F's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: WKPP.F's interest payments on its debt are well covered by EBIT (3.1x coverage).