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
Financial 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).