Based on the latest available financial data, the company DEACON BLUE LIMITED had a net worth of £406,348.00 as of 2022.
Understanding Deacon Blue's Financial Standing
When discussing the financial worth of "Deacon Blue," it refers to DEACON BLUE LIMITED, the official registered company associated with the popular Scottish band. This company's financial health is assessed through its net worth, which is calculated by subtracting total liabilities from total assets.
The company's financial performance shows notable growth between 2020 and 2022. Below is a summary of key financial figures:
Financial Metric | 2020 | 2022 |
---|---|---|
Cash | £315,589.00 | £371,125.00 |
Net Worth | £244,158.00 | £406,348.00 |
Total Current Assets | £368,529.00 | £728,804.00 |
Total Current Liabilities | £126,267.00 | £323,757.00 |
Net worth provides a snapshot of a company's financial value, indicating the equity held by its owners. An increase in net worth, as seen with DEACON BLUE LIMITED, generally suggests improved financial health and growth. This growth is supported by an increase in both cash reserves and total current assets, while effectively managing liabilities.