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United Kingdom
In shortHeiq PLC is loss-making, burns cash and holds more cash than debt, with revenue shrinking (−14.8% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -62.0% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -62.0% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -61.3% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -68.4% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.92× | 94/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.11× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -22.97× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.83 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -12.5% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 3 of 4 | 69/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 4 | 50/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 49.3% | 0/100 |
| Operating margin volatility | 36.8% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 19.1% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2022 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|
| Revenue | 28 | 50 | 55 | 47 |
| Cost of revenue | 14 | 22 | 30 | 34 |
| Gross profit | 14 | 28 | 25 | 13 |
| Selling, general & admin | 12 | 16 | 25 | 31 |
| Operating income | 1.4 | 11 | (1.4) | (29) |
| Interest expense | 0.4 | 1.2 | 0.6 | 1.3 |
| Pre-tax income | 1 | 7 | (1.4) | (30) |
| Income tax | 0.3 | 2.1 | (0) | (0) |
| Net income | 0.7 | 5 | (1.2) | (29) |
| Diluted EPS | $0.01 | $0.04 | – | – |
−1.83 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
2/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2024 · Data updated Dec 31, 2022