Tabcorp Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Tabcorp Holdings has a total shareholder equity of A$2.0B and total debt of A$418.7M, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are A$3.2B and A$1.2B respectively. Tabcorp Holdings's EBIT is A$66.0M making its interest coverage ratio 2.8. It has cash and short-term investments of A$313.4M.
Key information
21.0%
Debt to equity ratio
AU$418.70m
Debt
| Interest coverage ratio | 2.8x |
| Cash | AU$313.40m |
| Equity | AU$2.00b |
| Total liabilities | AU$1.21b |
| Total assets | AU$3.21b |
Recent financial health updates
Is Tabcorp Holdings (ASX:TAH) Using Too Much Debt?
Sep 29
We Think Tabcorp Holdings (ASX:TAH) Has A Fair Chunk Of Debt
Apr 04Does Tabcorp Holdings (ASX:TAH) Have A Healthy Balance Sheet?
Nov 30These 4 Measures Indicate That Tabcorp Holdings (ASX:TAH) Is Using Debt Reasonably Well
Mar 27Does Tabcorp Holdings (ASX:TAH) Have A Healthy Balance Sheet?
Oct 13These 4 Measures Indicate That Tabcorp Holdings (ASX:TAH) Is Using Debt Extensively
Apr 12Recent updates
Calculating The Fair Value Of Tabcorp Holdings Limited (ASX:TAH)
Mar 22Benign Growth For Tabcorp Holdings Limited (ASX:TAH) Underpins Its Share Price
Jan 20Tabcorp Holdings Limited (ASX:TAH) Shares Could Be 26% Below Their Intrinsic Value Estimate
Dec 15What Is Tabcorp Holdings Limited's (ASX:TAH) Share Price Doing?
Nov 17Is Tabcorp Holdings (ASX:TAH) Using Too Much Debt?
Sep 29A Look At The Fair Value Of Tabcorp Holdings Limited (ASX:TAH)
Aug 03When Should You Buy Tabcorp Holdings Limited (ASX:TAH)?
May 29A Look At The Intrinsic Value Of Tabcorp Holdings Limited (ASX:TAH)
May 05We Think Tabcorp Holdings (ASX:TAH) Has A Fair Chunk Of Debt
Apr 04Is Tabcorp Holdings Limited (ASX:TAH) Potentially Undervalued?
Feb 23Estimating The Intrinsic Value Of Tabcorp Holdings Limited (ASX:TAH)
Jan 06Does Tabcorp Holdings (ASX:TAH) Have A Healthy Balance Sheet?
Nov 30When Should You Buy Tabcorp Holdings Limited (ASX:TAH)?
Aug 24An Intrinsic Calculation For Tabcorp Holdings Limited (ASX:TAH) Suggests It's 27% Undervalued
Apr 20These 4 Measures Indicate That Tabcorp Holdings (ASX:TAH) Is Using Debt Reasonably Well
Mar 27Estimating The Intrinsic Value Of Tabcorp Holdings Limited (ASX:TAH)
Jan 11What Does Tabcorp Holdings Limited's (ASX:TAH) Share Price Indicate?
Dec 16Does Tabcorp Holdings (ASX:TAH) Have A Healthy Balance Sheet?
Oct 13A Look At The Fair Value Of Tabcorp Holdings Limited (ASX:TAH)
Sep 22We Think That There Are Issues Underlying Tabcorp Holdings' (ASX:TAH) Earnings
Aug 24Why Tabcorp Holdings Limited (ASX:TAH) Could Be Worth Watching
Aug 17Are Tabcorp Holdings Limited (ASX:TAH) Investors Paying Above The Intrinsic Value?
Jun 08Why Tabcorp Holdings Limited (ASX:TAH) Could Be Worth Watching
May 12These 4 Measures Indicate That Tabcorp Holdings (ASX:TAH) Is Using Debt Extensively
Apr 12Does Tabcorp Holdings' (ASX:TAH) Share Price Gain of 73% Match Its Business Performance?
Mar 16Financial Position Analysis
Short Term Liabilities: TAH's short term assets (A$591.4M) do not cover its short term liabilities (A$629.8M).
Long Term Liabilities: TAH's short term assets (A$591.4M) exceed its long term liabilities (A$582.3M).
Debt to Equity History and Analysis
Debt Level: TAH's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: TAH's debt to equity ratio has reduced from 52.6% to 21% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TAH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TAH is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2.3% per year.