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Slater and Gordon Balance Sheet Health
Financial Health criteria checks 4/6
Slater and Gordon has a total shareholder equity of A$200.7M and total debt of A$111.8M, which brings its debt-to-equity ratio to 55.7%. Its total assets and total liabilities are A$469.3M and A$268.5M respectively. Slater and Gordon's EBIT is A$52.5M making its interest coverage ratio 3.8. It has cash and short-term investments of A$13.8M.
Key information
55.7%
Debt to equity ratio
AU$111.82m
Debt
| Interest coverage ratio | 3.8x |
| Cash | AU$13.80m |
| Equity | AU$200.75m |
| Total liabilities | AU$268.51m |
| Total assets | AU$469.26m |
Recent financial health updates
Is Slater and Gordon (ASX:SGH) A Risky Investment?
Oct 04
Does Slater and Gordon (ASX:SGH) Have A Healthy Balance Sheet?
Apr 12These 4 Measures Indicate That Slater and Gordon (ASX:SGH) Is Using Debt Extensively
Mar 02Recent updates
Is Slater and Gordon (ASX:SGH) A Risky Investment?
Oct 04Investors Will Want Slater and Gordon's (ASX:SGH) Growth In ROCE To Persist
Aug 11Some Shareholders Feeling Restless Over Slater and Gordon Limited's (ASX:SGH) P/E Ratio
Jun 19Does Slater and Gordon (ASX:SGH) Have A Healthy Balance Sheet?
Apr 12Slater and Gordon (ASX:SGH) Shareholders Will Want The ROCE Trajectory To Continue
Feb 21It's Unlikely That Slater and Gordon Limited's (ASX:SGH) CEO Will See A Huge Pay Rise This Year
Nov 11Should You Think About Buying Slater and Gordon Limited (ASX:SGH) Now?
Aug 29Calculating The Intrinsic Value Of Slater and Gordon Limited (ASX:SGH)
Jun 07Returns At Slater and Gordon (ASX:SGH) Are On The Way Up
May 11What Is Slater and Gordon Limited's (ASX:SGH) Share Price Doing?
Apr 06These 4 Measures Indicate That Slater and Gordon (ASX:SGH) Is Using Debt Extensively
Mar 02Will The ROCE Trend At Slater and Gordon (ASX:SGH) Continue?
Dec 28
Financial Position Analysis
Short Term Liabilities: SGH's short term assets (A$205.3M) exceed its short term liabilities (A$84.0M).
Long Term Liabilities: SGH's short term assets (A$205.3M) exceed its long term liabilities (A$184.5M).
Debt to Equity History and Analysis
Debt Level: SGH's net debt to equity ratio (48.8%) is considered high.
Reducing Debt: SGH's debt to equity ratio has reduced from 130.2% to 55.7% over the past 5 years.
Debt Coverage: SGH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SGH's interest payments on its debt are well covered by EBIT (3.8x coverage).