TheWorks.co.uk Balance Sheet Health
Financial Health criteria checks 3/6
TheWorks.co.uk has a total shareholder equity of £11.1M and total debt of £4.0M, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are £188.0M and £176.9M respectively. TheWorks.co.uk's EBIT is £9.3M making its interest coverage ratio 2. It has cash and short-term investments of £11.0M.
Key information
35.9%
Debt to equity ratio
UK£4.00m
Debt
| Interest coverage ratio | 2x |
| Cash | UK£10.97m |
| Equity | UK£11.13m |
| Total liabilities | UK£176.88m |
| Total assets | UK£188.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TWRK.F's short term assets (£77.2M) do not cover its short term liabilities (£95.0M).
Long Term Liabilities: TWRK.F's short term assets (£77.2M) do not cover its long term liabilities (£81.9M).
Debt to Equity History and Analysis
Debt Level: TWRK.F has more cash than its total debt.
Reducing Debt: TWRK.F's debt to equity ratio has reduced from 436.1% to 35.9% over the past 5 years.
Debt Coverage: TWRK.F's debt is well covered by operating cash flow (549.9%).
Interest Coverage: TWRK.F's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/05/13 12:19 |
| End of Day Share Price | 2023/02/13 00:00 |
| Earnings | 2022/10/30 |
| Annual Earnings | 2022/05/01 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
TheWorks.co.uk plc is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kate Calvert | Investec Bank plc (UK) |
| Jonathan Pritchard | Peel Hunt LLP |