Kip McGrath Education Centres Balance Sheet Health
Financial Health criteria checks 4/6
Kip McGrath Education Centres has a total shareholder equity of A$23.7M and total debt of A$1.4M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are A$34.9M and A$11.2M respectively. Kip McGrath Education Centres's EBIT is A$1.9M making its interest coverage ratio 10.8. It has cash and short-term investments of A$5.4M.
Key information
5.8%
Debt to equity ratio
AU$1.38m
Debt
| Interest coverage ratio | 10.8x |
| Cash | AU$5.40m |
| Equity | AU$23.70m |
| Total liabilities | AU$11.18m |
| Total assets | AU$34.88m |
Recent financial health updates
No updates
Recent updates
Kip McGrath Education Centres Limited's (ASX:KME) Earnings Are Not Doing Enough For Some Investors
Aug 21
Kip McGrath Education Centres (ASX:KME) Could Be Struggling To Allocate Capital
Apr 24We Discuss Why Kip McGrath Education Centres Limited's (ASX:KME) CEO Compensation May Be Closely Reviewed
Nov 14Calculating The Fair Value Of Kip McGrath Education Centres Limited (ASX:KME)
Oct 13Some Investors May Be Worried About Kip McGrath Education Centres' (ASX:KME) Returns On Capital
Jun 28Some Investors May Be Worried About Kip McGrath Education Centres' (ASX:KME) Returns On Capital
Feb 22Investors Could Be Concerned With Kip McGrath Education Centres' (ASX:KME) Returns On Capital
Jun 20This Is Why Kip McGrath Education Centres Limited's (ASX:KME) CEO Compensation Looks Appropriate
Nov 09Returns On Capital Signal Tricky Times Ahead For Kip McGrath Education Centres (ASX:KME)
Apr 15Are Insiders Selling Kip McGrath Education Centres Limited (ASX:KME) Stock?
Mar 09Did You Participate In Any Of Kip McGrath Education Centres' (ASX:KME) Incredible 358% Return?
Feb 16
Kip McGrath Education Centres Limited's (ASX:KME) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Jan 31Is Kip McGrath Education Centres (ASX:KME) Likely To Turn Things Around?
Jan 15Key Things To Understand About Kip McGrath Education Centres' (ASX:KME) CEO Pay Cheque
Dec 31Here's Why We Don't Think Kip McGrath Education Centres's (ASX:KME) Statutory Earnings Reflect Its Underlying Earnings Potential
Dec 16Need To Know: Kip McGrath Education Centres Limited (ASX:KME) Insiders Have Been Selling Shares
Dec 01Financial Position Analysis
Short Term Liabilities: KME's short term assets (A$7.1M) do not cover its short term liabilities (A$7.9M).
Long Term Liabilities: KME's short term assets (A$7.1M) exceed its long term liabilities (A$3.3M).
Debt to Equity History and Analysis
Debt Level: KME has more cash than its total debt.
Reducing Debt: KME's debt to equity ratio has increased from 3.8% to 5.8% over the past 5 years.
Debt Coverage: KME's debt is well covered by operating cash flow (207.4%).
Interest Coverage: KME's interest payments on its debt are well covered by EBIT (10.8x coverage).