Centrica Balance Sheet Health
Financial Health criteria checks 6/6
Centrica has a total shareholder equity of £5.3B and total debt of £2.9B, which brings its debt-to-equity ratio to 54.9%. Its total assets and total liabilities are £18.1B and £12.8B respectively. Centrica's EBIT is £6.6B making its interest coverage ratio -329.3. It has cash and short-term investments of £6.5B.
Key information
54.9%
Debt to equity ratio
UK£2.90b
Debt
| Interest coverage ratio | -329.3x |
| Cash | UK£6.46b |
| Equity | UK£5.28b |
| Total liabilities | UK£12.79b |
| Total assets | UK£18.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CPYY.Y's short term assets (£13.3B) exceed its short term liabilities (£7.5B).
Long Term Liabilities: CPYY.Y's short term assets (£13.3B) exceed its long term liabilities (£5.2B).
Debt to Equity History and Analysis
Debt Level: CPYY.Y has more cash than its total debt.
Reducing Debt: CPYY.Y's debt to equity ratio has reduced from 162.9% to 54.9% over the past 5 years.
Debt Coverage: CPYY.Y's debt is well covered by operating cash flow (36.7%).
Interest Coverage: CPYY.Y earns more interest than it pays, so coverage of interest payments is not a concern.