Speedy Hire PLC

Speedy Hire PLC has a liquidity ratio of 0.86, indicating that its current assets are less than its current liabilities, which suggests potential short-term liquidity challenges. The company's debt-to-equity ratio is 1.36, which is higher than the typical threshold for financial leverage, indicating a relatively high level of debt financing. The company's free cash flow is 50.3 million GBP, which is a positive sign for its ability to fund operations and reduce debt. The company's profitability is weak, with a return on equity of -0.68% and a return on assets of -0.21%, both of which are negative, indicating that the company is not generating returns for its shareholders or assets. The operating income of 14.4 million GBP is significantly lower than the gross profit of 236.1 million GBP, suggesting high operating expenses or inefficiencies in the business model. Speedy Hire PLC operates in the Hire and Services segments, with the Hire segment focusing on the core fleet of owned products and the Services segment involving re-hire of specialist equipment through partnerships. The company's geographic exposure is primarily in the United Kingdom and Ireland, with a joint venture in Kazakhstan, indicating a concentration of revenue in these regions. The company's revenue for the latest period is 416.6 million GBP, and the outlook for the current fiscal year is not explicitly provided, but the negative net income of 1.1 million GBP suggests a challenging growth trajectory. The company's capital expenditure of -8.2 million GBP indicates a reduction in capital spending, which may be a strategic move to conserve cash. The risk assessment for Speedy Hire PLC indicates a medium level of liquidity risk and a low level of dilution risk. The company's net cash is negative after subtracting total debt, which is a key flag for liquidity concerns. The dilution potential is low, suggesting that the company is not expected to issue additional shares in the near term. Recent events and filings do not provide specific details on the company's recent performance or strategic initiatives, but the negative net income and high debt levels suggest that the company may be facing operational or financial challenges.