Halfords Group Balance Sheet Health
Financial Health criteria checks 5/6
Halfords Group has a total shareholder equity of £550.6M and total debt of £63.2M, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are £1.3B and £778.1M respectively. Halfords Group's EBIT is £67.1M making its interest coverage ratio 5.6. It has cash and short-term investments of £16.2M.
Key information
11.5%
Debt to equity ratio
UK£63.20m
Debt
Interest coverage ratio | 5.6x |
Cash | UK£16.20m |
Equity | UK£550.60m |
Total liabilities | UK£778.10m |
Total assets | UK£1.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HLFD.F's short term assets (£450.5M) do not cover its short term liabilities (£460.4M).
Long Term Liabilities: HLFD.F's short term assets (£450.5M) exceed its long term liabilities (£317.7M).
Debt to Equity History and Analysis
Debt Level: HLFD.F's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: HLFD.F's debt to equity ratio has reduced from 19.9% to 11.5% over the past 5 years.
Debt Coverage: HLFD.F's debt is well covered by operating cash flow (218.7%).
Interest Coverage: HLFD.F's interest payments on its debt are well covered by EBIT (5.6x coverage).