SSE Balance Sheet Health
Financial Health criteria checks 3/6
SSE has a total shareholder equity of £10.7B and total debt of £8.6B, which brings its debt-to-equity ratio to 80.6%. Its total assets and total liabilities are £26.1B and £15.4B respectively. SSE's EBIT is £1.2B making its interest coverage ratio 5. It has cash and short-term investments of £902.4M.
Key information
80.6%
Debt to equity ratio
UK£8.64b
Debt
Interest coverage ratio | 5x |
Cash | UK£902.40m |
Equity | UK£10.72b |
Total liabilities | UK£15.39b |
Total assets | UK£26.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSEZ.Y's short term assets (£4.1B) do not cover its short term liabilities (£4.5B).
Long Term Liabilities: SSEZ.Y's short term assets (£4.1B) do not cover its long term liabilities (£10.9B).
Debt to Equity History and Analysis
Debt Level: SSEZ.Y's net debt to equity ratio (72.2%) is considered high.
Reducing Debt: SSEZ.Y's debt to equity ratio has reduced from 207.2% to 80.6% over the past 5 years.
Debt Coverage: SSEZ.Y's debt is well covered by operating cash flow (34.9%).
Interest Coverage: SSEZ.Y's interest payments on its debt are well covered by EBIT (5x coverage).