Close the Loop Balance Sheet Health
Financial Health criteria checks 4/6
Close the Loop has a total shareholder equity of A$141.5M and total debt of A$82.8M, which brings its debt-to-equity ratio to 58.5%. Its total assets and total liabilities are A$297.0M and A$155.5M respectively. Close the Loop's EBIT is A$22.5M making its interest coverage ratio 2.3. It has cash and short-term investments of A$40.6M.
Key information
58.5%
Debt to equity ratio
AU$82.79m
Debt
| Interest coverage ratio | 2.3x |
| Cash | AU$40.64m |
| Equity | AU$141.54m |
| Total liabilities | AU$155.47m |
| Total assets | AU$297.00m |
Recent financial health updates
Recent updates
Benign Growth For Close the Loop Ltd (ASX:CLG) Underpins Stock's 28% Plummet
Aug 27
Here's Why Close the Loop (ASX:CLG) Can Manage Its Debt Responsibly
Apr 25Close 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$99.8M) exceed its short term liabilities (A$45.5M).
Long Term Liabilities: CLG's short term assets (A$99.8M) do not cover its long term liabilities (A$109.9M).
Debt to Equity History and Analysis
Debt Level: CLG's net debt to equity ratio (29.8%) is considered satisfactory.
Reducing Debt: CLG's debt to equity ratio has reduced from 280.3% to 58.5% over the past 5 years.
Debt Coverage: CLG's debt is well covered by operating cash flow (26.2%).
Interest Coverage: CLG's interest payments on its debt are not well covered by EBIT (2.3x coverage).