Coventry Group Balance Sheet Health
Financial Health criteria checks 4/6
Coventry Group has a total shareholder equity of A$112.0M and total debt of A$39.1M, which brings its debt-to-equity ratio to 35%. Its total assets and total liabilities are A$287.7M and A$175.8M respectively. Coventry Group's EBIT is A$11.9M making its interest coverage ratio 1.6. It has cash and short-term investments of A$2.0M.
Key information
35.0%
Debt to equity ratio
AU$39.14m
Debt
| Interest coverage ratio | 1.6x |
| Cash | AU$2.02m |
| Equity | AU$111.97m |
| Total liabilities | AU$175.77m |
| Total assets | AU$287.73m |
Recent financial health updates
Coventry Group (ASX:CYG) Has A Pretty Healthy Balance Sheet
Sep 20
Is Coventry Group (ASX:CYG) A Risky Investment?
Mar 15These 4 Measures Indicate That Coventry Group (ASX:CYG) Is Using Debt Extensively
Nov 30
Recent updates
It's A Story Of Risk Vs Reward With Coventry Group Ltd (ASX:CYG)
Apr 19It's Unlikely That Coventry Group Ltd's (ASX:CYG) CEO Will See A Huge Pay Rise This Year
Oct 14Coventry Group (ASX:CYG) Has Affirmed Its Dividend Of A$0.035
Aug 29What Is Coventry Group Ltd's (ASX:CYG) Share Price Doing?
Aug 17Market Participants Recognise Coventry Group Ltd's (ASX:CYG) Earnings
Nov 03Coventry Group (ASX:CYG) Has A Pretty Healthy Balance Sheet
Sep 20Coventry Group (ASX:CYG) Has Announced That It Will Be Increasing Its Dividend To A$0.035
Aug 29Shareholders Would Not Be Objecting To Coventry Group Ltd's (ASX:CYG) CEO Compensation And Here's Why
Oct 15Is Coventry Group (ASX:CYG) A Risky Investment?
Mar 15Do Fundamentals Have Any Role To Play In Driving Coventry Group Ltd's (ASX:CYG) Stock Up Recently?
Feb 08How Much Did Coventry Group's(ASX:CYG) Shareholders Earn From Share Price Movements Over The Last Three Years?
Jan 04These 4 Measures Indicate That Coventry Group (ASX:CYG) Is Using Debt Extensively
Nov 30Financial Position Analysis
Short Term Liabilities: CYG's short term assets (A$139.5M) exceed its short term liabilities (A$116.8M).
Long Term Liabilities: CYG's short term assets (A$139.5M) exceed its long term liabilities (A$59.0M).
Debt to Equity History and Analysis
Debt Level: CYG's net debt to equity ratio (33.2%) is considered satisfactory.
Reducing Debt: CYG's debt to equity ratio has increased from 0% to 35% over the past 5 years.
Debt Coverage: CYG's debt is well covered by operating cash flow (42.7%).
Interest Coverage: CYG's interest payments on its debt are not well covered by EBIT (1.6x coverage).