Coventry Group Balance Sheet Health
Financial Health criteria checks 4/6
Coventry Group has a total shareholder equity of A$143.1M and total debt of A$55.1M, which brings its debt-to-equity ratio to 38.5%. Its total assets and total liabilities are A$349.4M and A$206.3M respectively. Coventry Group's EBIT is A$12.6M making its interest coverage ratio 1.5. It has cash and short-term investments of A$7.7M.
Key information
38.5%
Debt to equity ratio
AU$55.08m
Debt
| Interest coverage ratio | 1.5x |
| Cash | AU$7.73m |
| Equity | AU$143.07m |
| Total liabilities | AU$206.31m |
| Total assets | AU$349.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CYG's short term assets (A$157.0M) exceed its short term liabilities (A$120.7M).
Long Term Liabilities: CYG's short term assets (A$157.0M) exceed its long term liabilities (A$85.7M).
Debt to Equity History and Analysis
Debt Level: CYG's net debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: CYG's debt to equity ratio has increased from 9.3% to 38.5% over the past 5 years.
Debt Coverage: CYG's debt is well covered by operating cash flow (33.7%).
Interest Coverage: CYG's interest payments on its debt are not well covered by EBIT (1.5x coverage).