Harlequins, formally known as Harlequin Football Club Limited, had a net worth of £420,317.00 as of 2021.
Understanding Harlequins' Financial Standing
The "worth" of a company, particularly in this context, refers to its net worth. Net worth is a key financial metric calculated by subtracting total liabilities from total assets. It represents the value of the club's ownership equity. A positive net worth indicates that the club's assets exceed its liabilities, suggesting financial stability.
Key Financial Figures (2020-2021)
To provide a comprehensive overview of Harlequins' financial position, here are some key figures:
| Financial Metric | 2020 | 2021 |
|---|---|---|
| Cash | £3,453,566.00 | £4,667,084.00 |
| Net Worth | -£95,518.00 | £420,317.00 |
| Total Current Assets | £9,756,388.00 | £11,908,643.00 |
| Total Current Liabilities | £14,941,225.00 | £15,057,574.00 |
As shown, Harlequins significantly improved its net worth from a negative figure in 2020 to a positive one in 2021. This shift indicates a healthier financial position, with assets growing relative to liabilities. The increase in cash reserves and total current assets also reflects a stronger liquidity position.
What Does This Mean for Harlequins?
A positive net worth, as seen in 2021, indicates several positive aspects for Harlequins:
- Financial Stability: It suggests the club possesses more assets than debts, providing a buffer against unforeseen financial challenges.
- Operational Health: The improvement from a negative net worth in 2020 to a positive one in 2021 highlights successful financial management and potentially strong commercial performance or cost control measures during that period.
- Investment Potential: A healthier financial standing can make the club more attractive to potential investors, sponsors, or partners.
While net worth provides a snapshot, ongoing financial performance, revenue generation, and strategic investments continue to shape the club's long-term value and sustainability.
