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).