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
No updates
Recent updates
Financial 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).