Currys Balance Sheet Health
Financial Health criteria checks 4/6
Currys has a total shareholder equity of £2.1B and total debt of £29.0M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are £5.3B and £3.2B respectively. Currys's EBIT is £137.0M making its interest coverage ratio 1.6. It has cash and short-term investments of £125.0M.
Key information
1.4%
Debt to equity ratio
UK£29.00m
Debt
| Interest coverage ratio | 1.6x |
| Cash | UK£125.00m |
| Equity | UK£2.07b |
| Total liabilities | UK£3.24b |
| Total assets | UK£5.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CURY.Y's short term assets (£1.8B) do not cover its short term liabilities (£2.1B).
Long Term Liabilities: CURY.Y's short term assets (£1.8B) exceed its long term liabilities (£1.1B).
Debt to Equity History and Analysis
Debt Level: CURY.Y has more cash than its total debt.
Reducing Debt: CURY.Y's debt to equity ratio has reduced from 32.1% to 1.4% over the past 5 years.
Debt Coverage: CURY.Y's debt is well covered by operating cash flow (1262.1%).
Interest Coverage: CURY.Y's interest payments on its debt are not well covered by EBIT (1.6x coverage).