Close the Loop Balance Sheet Health
Financial Health criteria checks 6/6
Close the Loop has a total shareholder equity of A$132.9M and total debt of A$81.9M, which brings its debt-to-equity ratio to 61.6%. Its total assets and total liabilities are A$303.2M and A$170.3M respectively. Close the Loop's EBIT is A$21.5M making its interest coverage ratio 3.3. It has cash and short-term investments of A$55.7M.
Key information
61.6%
Debt to equity ratio
AU$81.92m
Debt
| Interest coverage ratio | 3.3x |
| Cash | AU$55.68m |
| Equity | AU$132.90m |
| Total liabilities | AU$170.30m |
| Total assets | AU$303.20m |
Recent financial health updates
Recent updates
Here's Why Close the Loop (ASX:CLG) Can Manage Its Debt Responsibly
Apr 25
Close the Loop Ltd's (ASX:CLG) Share Price Is Matching Sentiment Around Its Earnings
Dec 29Close the Loop (ASX:CLG) Has Some Way To Go To Become A Multi-Bagger
May 03We Think Close the Loop's (ASX:CLG) Solid Earnings Are Understated
Mar 02Is Close the Loop Ltd (ASX:CLG) Trading At A 45% Discount?
Jan 11Close the Loop Ltd's (ASX:CLG) P/E Is On The Mark
Oct 04Financial Position Analysis
Short Term Liabilities: CLG's short term assets (A$109.0M) exceed its short term liabilities (A$61.5M).
Long Term Liabilities: CLG's short term assets (A$109.0M) exceed its long term liabilities (A$108.8M).
Debt to Equity History and Analysis
Debt Level: CLG's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: CLG's debt to equity ratio has reduced from 100.2% to 61.6% over the past 5 years.
Debt Coverage: CLG's debt is well covered by operating cash flow (35.4%).
Interest Coverage: CLG's interest payments on its debt are well covered by EBIT (3.3x coverage).