Spectris Balance Sheet Health
Financial Health criteria checks 6/6
Spectris has a total shareholder equity of £1.4B and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £1.8B and £475.3M respectively. Spectris's EBIT is £193.9M making its interest coverage ratio -55.4. It has cash and short-term investments of £214.3M.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | -55.4x |
Cash | UK£214.30m |
Equity | UK£1.36b |
Total liabilities | UK£475.30m |
Total assets | UK£1.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SEPJ.Y's short term assets (£810.5M) exceed its short term liabilities (£389.1M).
Long Term Liabilities: SEPJ.Y's short term assets (£810.5M) exceed its long term liabilities (£86.2M).
Debt to Equity History and Analysis
Debt Level: SEPJ.Y is debt free.
Reducing Debt: SEPJ.Y has no debt compared to 5 years ago when its debt to equity ratio was 25.6%.
Debt Coverage: SEPJ.Y has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SEPJ.Y has no debt, therefore coverage of interest payments is not a concern.