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InvoCare Balance Sheet Health
Financial Health criteria checks 3/6
InvoCare has a total shareholder equity of A$638.1M and total debt of A$240.9M, which brings its debt-to-equity ratio to 37.8%. Its total assets and total liabilities are A$1.7B and A$1.1B respectively. InvoCare's EBIT is A$48.3M making its interest coverage ratio 1.3. It has cash and short-term investments of A$21.9M.
Key information
37.8%
Debt to equity ratio
AU$240.92m
Debt
| Interest coverage ratio | 1.3x |
| Cash | AU$21.91m |
| Equity | AU$638.09m |
| Total liabilities | AU$1.08b |
| Total assets | AU$1.72b |
Recent financial health updates
Here's Why InvoCare (ASX:IVC) Has A Meaningful Debt Burden
Apr 24
Does InvoCare (ASX:IVC) Have A Healthy Balance Sheet?
Sep 02InvoCare (ASX:IVC) Takes On Some Risk With Its Use Of Debt
Mar 07Is InvoCare (ASX:IVC) A Risky Investment?
Sep 20Recent updates
Here's Why InvoCare (ASX:IVC) Has A Meaningful Debt Burden
Apr 24InvoCare (ASX:IVC) Will Be Hoping To Turn Its Returns On Capital Around
Feb 27InvoCare Limited's (ASX:IVC) Intrinsic Value Is Potentially 55% Above Its Share Price
Nov 02Does InvoCare (ASX:IVC) Have A Healthy Balance Sheet?
Sep 02Be Wary Of InvoCare (ASX:IVC) And Its Returns On Capital
May 23InvoCare (ASX:IVC) Takes On Some Risk With Its Use Of Debt
Mar 07InvoCare (ASX:IVC) Will Want To Turn Around Its Return Trends
Jan 06InvoCare Limited (ASX:IVC) Shares Could Be 24% Below Their Intrinsic Value Estimate
Nov 04Is InvoCare (ASX:IVC) A Risky Investment?
Sep 20There Are Reasons To Feel Uneasy About InvoCare's (ASX:IVC) Returns On Capital
Aug 30Is There An Opportunity With InvoCare Limited's (ASX:IVC) 23% Undervaluation?
Jul 06When Should You Buy InvoCare Limited (ASX:IVC)?
May 11InvoCare (ASX:IVC) Might Be Having Difficulty Using Its Capital Effectively
Apr 18Calculating The Fair Value Of InvoCare Limited (ASX:IVC)
Mar 14InvoCare's (ASX:IVC) Stock Price Has Reduced 21% In The Past Three Years
Feb 16Should You Use InvoCare's (ASX:IVC) Statutory Earnings To Analyse It?
Jan 29
How Does InvoCare Limited (ASX:IVC) Fare As A Dividend Stock?
Jan 11Is InvoCare (ASX:IVC) A Risky Investment?
Dec 24InvoCare Limited's (ASX:IVC) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?
Dec 09Calculating The Fair Value Of InvoCare Limited (ASX:IVC)
Nov 23Financial Position Analysis
Short Term Liabilities: IVC's short term assets (A$193.0M) exceed its short term liabilities (A$138.6M).
Long Term Liabilities: IVC's short term assets (A$193.0M) do not cover its long term liabilities (A$940.7M).
Debt to Equity History and Analysis
Debt Level: IVC's net debt to equity ratio (34.3%) is considered satisfactory.
Reducing Debt: IVC's debt to equity ratio has reduced from 197.3% to 37.8% over the past 5 years.
Debt Coverage: IVC's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: IVC's interest payments on its debt are not well covered by EBIT (1.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/11/03 12:12 |
| End of Day Share Price | 2023/11/03 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
InvoCare Limited is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Hester | ANZ Equities Pty Limited |
| Russell Wright | APP Securities Pty Ltd. |
| Russell Wright | Barclay Pearce Capital Pty Limited |