Provident Financial's total assets reached GBP 2,921 mil at the end of 2018, down 1.51% compared to the previous year.
Current assets amounted to GBP 2,299 mil, or 78.7% of total assets while cash stood at GBP 436 mil at the end of 2018.
By contrast, total debt reached GBP 2,056 mil at the year-end, or 70.4% of total assets, while the firm's equity amounted to GBP 696 mil. As a result, net debt stood at GBP 1,620 mil at the end of 2018 and accounted for 2.33 of equity.
Net debt against equity is down 0.470 pp from five years ago (2.80). The ratio against EBITDA increased from 4.12x seen in 2013 to 7.65x.
The company’s cost of funding amounted to 2.06% in 2018, down 1.71 pp compared to the average over the last 5 years.
You can see all the company’s data at Provident Financial profile, or you can download a report on the company in the report section.
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