Duratec Balance Sheet Health
Financial Health criteria checks 5/6
Duratec has a total shareholder equity of A$52.2M and total debt of A$8.4M, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are A$208.3M and A$156.1M respectively. Duratec's EBIT is A$31.3M making its interest coverage ratio -1739.5. It has cash and short-term investments of A$58.5M.
Key information
16.0%
Debt to equity ratio
AU$8.35m
Debt
Interest coverage ratio | -1739.5x |
Cash | AU$58.54m |
Equity | AU$52.21m |
Total liabilities | AU$156.14m |
Total assets | AU$208.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DUR's short term assets (A$142.3M) exceed its short term liabilities (A$132.2M).
Long Term Liabilities: DUR's short term assets (A$142.3M) exceed its long term liabilities (A$23.9M).
Debt to Equity History and Analysis
Debt Level: DUR has more cash than its total debt.
Reducing Debt: DUR's debt to equity ratio has increased from 2.5% to 16% over the past 5 years.
Debt Coverage: DUR's debt is well covered by operating cash flow (259%).
Interest Coverage: DUR earns more interest than it pays, so coverage of interest payments is not a concern.