Michael Hill International Balance Sheet Health
Financial Health criteria checks 4/6
Michael Hill International has a total shareholder equity of A$166.9M and total debt of A$58.9M, which brings its debt-to-equity ratio to 35.3%. Its total assets and total liabilities are A$545.2M and A$378.4M respectively. Michael Hill International's EBIT is A$13.5M making its interest coverage ratio 1.3. It has cash and short-term investments of A$20.2M.
Key information
35.3%
Debt to equity ratio
AU$58.90m
Debt
| Interest coverage ratio | 1.3x |
| Cash | AU$20.17m |
| Equity | AU$166.88m |
| Total liabilities | AU$378.36m |
| Total assets | AU$545.24m |
Recent financial health updates
No updates
Recent updates
Michael Hill International Limited (ASX:MHJ) Soars 32% But It's A Story Of Risk Vs Reward
Jul 23
Is Now The Time To Look At Buying Michael Hill International Limited (ASX:MHJ)?
Jul 17Michael Hill International Limited's (ASX:MHJ) CEO Compensation Is Looking A Bit Stretched At The Moment
Nov 07Michael Hill International (ASX:MHJ) Is Reducing Its Dividend To A$0.035
Aug 28Is Michael Hill International Limited (ASX:MHJ) Potentially Undervalued?
Mar 20Michael Hill International (ASX:MHJ) Is Increasing Its Dividend To AU$0.035
Feb 24Returns At Michael Hill International (ASX:MHJ) Appear To Be Weighed Down
Dec 29If You Like EPS Growth Then Check Out Michael Hill International (ASX:MHJ) Before It's Too Late
Oct 16At AU$0.81, Is It Time To Put Michael Hill International Limited (ASX:MHJ) On Your Watch List?
May 04Michael Hill International (ASX:MHJ) Could Be Struggling To Allocate Capital
Apr 11Four Days Left To Buy Michael Hill International Limited (ASX:MHJ) Before The Ex-Dividend Date
Mar 06If You Had Bought Michael Hill International's (ASX:MHJ) Shares Three Years Ago You Would Be Down 36%
Feb 28How Many Michael Hill International Limited (ASX:MHJ) Shares Did Insiders Buy, In The Last Year?
Feb 05We Think Michael Hill International's (ASX:MHJ) Statutory Profit Might Understate Its Earnings Potential
Jan 15Should You Be Impressed By Michael Hill International's (ASX:MHJ) Returns on Capital?
Dec 25
When Should You Buy Michael Hill International Limited (ASX:MHJ)?
Dec 07If You Had Bought Michael Hill International's (ASX:MHJ) Shares Three Years Ago You Would Be Down 55%
Nov 22Trade Alert: The Non-Executive Independent Director Of Michael Hill International Limited (ASX:MHJ), Robert Fyfe, Has Just Spent AU$245k Buying 45% More Shares
Sep 01We're Watching These Trends At Michael Hill International (ASX:MHJ)
Aug 19Financial Position Analysis
Short Term Liabilities: MHJ's short term assets (A$239.6M) exceed its short term liabilities (A$145.0M).
Long Term Liabilities: MHJ's short term assets (A$239.6M) exceed its long term liabilities (A$233.3M).
Debt to Equity History and Analysis
Debt Level: MHJ's net debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: MHJ's debt to equity ratio has increased from 18.7% to 35.3% over the past 5 years.
Debt Coverage: MHJ's debt is well covered by operating cash flow (64.1%).
Interest Coverage: MHJ's interest payments on its debt are not well covered by EBIT (1.3x coverage).