iomart Group Balance Sheet Health
Financial Health criteria checks 5/6
iomart Group has a total shareholder equity of £122.3M and total debt of £39.9M, which brings its debt-to-equity ratio to 32.6%. Its total assets and total liabilities are £222.5M and £100.2M respectively. iomart Group's EBIT is £13.0M making its interest coverage ratio 3.5. It has cash and short-term investments of £10.7M.
Key information
32.6%
Debt to equity ratio
UK£39.90m
Debt
| Interest coverage ratio | 3.5x |
| Cash | UK£10.67m |
| Equity | UK£122.28m |
| Total liabilities | UK£100.18m |
| Total assets | UK£222.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IMRT.F's short term assets (£36.8M) exceed its short term liabilities (£33.7M).
Long Term Liabilities: IMRT.F's short term assets (£36.8M) do not cover its long term liabilities (£66.5M).
Debt to Equity History and Analysis
Debt Level: IMRT.F's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: IMRT.F's debt to equity ratio has reduced from 42.4% to 32.6% over the past 5 years.
Debt Coverage: IMRT.F's debt is well covered by operating cash flow (88.8%).
Interest Coverage: IMRT.F's interest payments on its debt are well covered by EBIT (3.5x coverage).