Propel Funeral Partners Balance Sheet Health
Financial Health criteria checks 3/6
Propel Funeral Partners has a total shareholder equity of A$351.7M and total debt of A$112.3M, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are A$624.6M and A$272.8M respectively. Propel Funeral Partners's EBIT is A$40.6M making its interest coverage ratio 3.5. It has cash and short-term investments of A$7.3M.
Key information
31.9%
Debt to equity ratio
AU$112.26m
Debt
| Interest coverage ratio | 3.5x |
| Cash | AU$7.25m |
| Equity | AU$351.73m |
| Total liabilities | AU$272.85m |
| Total assets | AU$624.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PFP's short term assets (A$103.3M) do not cover its short term liabilities (A$138.9M).
Long Term Liabilities: PFP's short term assets (A$103.3M) do not cover its long term liabilities (A$134.0M).
Debt to Equity History and Analysis
Debt Level: PFP's net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: PFP's debt to equity ratio has increased from 7.1% to 31.9% over the past 5 years.
Debt Coverage: PFP's debt is well covered by operating cash flow (30.6%).
Interest Coverage: PFP's interest payments on its debt are well covered by EBIT (3.5x coverage).