Coles Group Balance Sheet Health
Financial Health criteria checks 4/6
Coles Group has a total shareholder equity of A$3.5B and total debt of A$1.7B, which brings its debt-to-equity ratio to 47.1%. Its total assets and total liabilities are A$19.5B and A$15.9B respectively. Coles Group's EBIT is A$1.7B making its interest coverage ratio 4.3. It has cash and short-term investments of A$1.1B.
Key information
47.1%
Debt to equity ratio
AU$1.67b
Debt
| Interest coverage ratio | 4.3x |
| Cash | AU$1.09b |
| Equity | AU$3.54b |
| Total liabilities | AU$15.95b |
| Total assets | AU$19.49b |
Recent financial health updates
We Think Coles Group (ASX:COL) Can Stay On Top Of Its Debt
May 11
Here's Why Coles Group (ASX:COL) Can Manage Its Debt Responsibly
Dec 08These 4 Measures Indicate That Coles Group (ASX:COL) Is Using Debt Reasonably Well
Jun 30Coles Group (ASX:COL) Has A Pretty Healthy Balance Sheet
Mar 18These 4 Measures Indicate That Coles Group (ASX:COL) Is Using Debt Reasonably Well
Sep 17These 4 Measures Indicate That Coles Group (ASX:COL) Is Using Debt Reasonably Well
Apr 27Recent updates
Coles Group (ASX:COL) May Have Issues Allocating Its Capital
May 29We Think Coles Group (ASX:COL) Can Stay On Top Of Its Debt
May 11Estimating The Fair Value Of Coles Group Limited (ASX:COL)
Apr 05Coles Group (ASX:COL) Is Due To Pay A Dividend Of A$0.36
Feb 29Coles Group (ASX:COL) Will Be Hoping To Turn Its Returns On Capital Around
Feb 16Pinning Down Coles Group Limited's (ASX:COL) P/E Is Difficult Right Now
Jan 24A Look At The Intrinsic Value Of Coles Group Limited (ASX:COL)
Jan 02Here's Why Coles Group (ASX:COL) Can Manage Its Debt Responsibly
Dec 08Returns On Capital Signal Tricky Times Ahead For Coles Group (ASX:COL)
Oct 09Coles Group Limited's (ASX:COL) Intrinsic Value Is Potentially 28% Above Its Share Price
Sep 18Coles Group (ASX:COL) Will Pay A Dividend Of A$0.30
Aug 25These 4 Measures Indicate That Coles Group (ASX:COL) Is Using Debt Reasonably Well
Jun 30A Look At The Fair Value Of Coles Group Limited (ASX:COL)
Jun 08Here's What's Concerning About Coles Group's (ASX:COL) Returns On Capital
May 22Coles Group (ASX:COL) Has A Pretty Healthy Balance Sheet
Mar 18Estimating The Fair Value Of Coles Group Limited (ASX:COL)
Feb 24Coles Group's (ASX:COL) Returns On Capital Not Reflecting Well On The Business
Feb 07Calculating The Intrinsic Value Of Coles Group Limited (ASX:COL)
Nov 21Coles Group (ASX:COL) Will Want To Turn Around Its Return Trends
Oct 29These 4 Measures Indicate That Coles Group (ASX:COL) Is Using Debt Reasonably Well
Sep 17Coles Group (ASX:COL) Has Announced That It Will Be Increasing Its Dividend To A$0.30
Aug 26Are Investors Undervaluing Coles Group Limited (ASX:COL) By 49%?
Aug 13Coles Group's (ASX:COL) Returns On Capital Not Reflecting Well On The Business
Jul 18Are Investors Undervaluing Coles Group Limited (ASX:COL) By 49%?
May 15These 4 Measures Indicate That Coles Group (ASX:COL) Is Using Debt Reasonably Well
Apr 27Coles Group (ASX:COL) Is Reinvesting At Lower Rates Of Return
Apr 05Coles Group (ASX:COL) Has Announced A Dividend Of AU$0.33
Feb 24Coles Group Limited (ASX:COL) Interim Results: Here's What Analysts Are Forecasting For This Year
Feb 23Estimating The Fair Value Of Coles Group Limited (ASX:COL)
Jan 10Coles Group (ASX:COL) Has A Pretty Healthy Balance Sheet
Dec 20Some Investors May Be Worried About Coles Group's (ASX:COL) Returns On Capital
Nov 15Estimating The Fair Value Of Coles Group Limited (ASX:COL)
Oct 02Is Coles Group (ASX:COL) Using Too Much Debt?
Sep 11Coles Group (ASX:COL) Will Pay A Larger Dividend Than Last Year At AU$0.28
Aug 20Investors Could Be Concerned With Coles Group's (ASX:COL) Returns On Capital
Aug 09Coles Group (ASX:COL) Will Be Hoping To Turn Its Returns On Capital Around
Apr 29Estimating The Intrinsic Value Of Coles Group Limited (ASX:COL)
Apr 04Coles Group (ASX:COL) Seems To Use Debt Quite Sensibly
Mar 14Income Investors Should Know That Coles Group Limited (ASX:COL) Goes Ex-Dividend Soon
Feb 21Here's Why We Think Coles Group's (ASX:COL) Statutory Earnings Might Be Conservative
Feb 18Could Coles Group Limited (ASX:COL) Have The Makings Of Another Dividend Aristocrat?
Jan 28
Here's What To Make Of Coles Group's (ASX:COL) Returns On Capital
Jan 10Coles Group Limited (ASX:COL) Shares Could Be 21% Above Their Intrinsic Value Estimate
Dec 24Coles Group (ASX:COL) Seems To Use Debt Quite Sensibly
Dec 09Should Coles Group (ASX:COL) Be Disappointed With Their 15% Profit?
Nov 21Is Coles Group Limited (ASX:COL) Expensive For A Reason? A Look At Its Intrinsic Value
Aug 12Coles Group (ASX:COL) Shareholders Booked A 40% Gain In The Last Year
Aug 12Is Coles Group Limited's (ASX:COL) ROE Of 47% Impressive?
Jul 28We Wouldn't Rely On Coles Group's (ASX:COL) Statutory Earnings As A Guide
Jul 13Financial Position Analysis
Short Term Liabilities: COL's short term assets (A$4.7B) do not cover its short term liabilities (A$7.1B).
Long Term Liabilities: COL's short term assets (A$4.7B) do not cover its long term liabilities (A$8.9B).
Debt to Equity History and Analysis
Debt Level: COL's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: COL's debt to equity ratio has reduced from 60.8% to 47.1% over the past 5 years.
Debt Coverage: COL's debt is well covered by operating cash flow (163.1%).
Interest Coverage: COL's interest payments on its debt are well covered by EBIT (4.3x coverage).