Coles Group Balance Sheet Health
Financial Health criteria checks 3/6
Coles Group has a total shareholder equity of A$3.6B and total debt of A$1.7B, which brings its debt-to-equity ratio to 45.7%. Its total assets and total liabilities are A$19.9B and A$16.3B respectively. Coles Group's EBIT is A$2.0B making its interest coverage ratio 4.8. It has cash and short-term investments of A$675.0M.
Key information
45.7%
Debt to equity ratio
AU$1.65b
Debt
| Interest coverage ratio | 4.8x |
| Cash | AU$675.00m |
| Equity | AU$3.62b |
| Total liabilities | AU$16.25b |
| Total assets | AU$19.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COL's short term assets (A$4.0B) do not cover its short term liabilities (A$6.8B).
Long Term Liabilities: COL's short term assets (A$4.0B) do not cover its long term liabilities (A$9.5B).
Debt to Equity History and Analysis
Debt Level: COL's net debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: COL's debt to equity ratio has increased from 43.5% to 45.7% over the past 5 years.
Debt Coverage: COL's debt is well covered by operating cash flow (169.1%).
Interest Coverage: COL's interest payments on its debt are well covered by EBIT (4.8x coverage).