Cadence Opportunities Fund Balance Sheet Health
Financial Health criteria checks 3/6
Cadence Opportunities Fund has a total shareholder equity of A$32.1M and total debt of A$5.4M, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are A$39.0M and A$6.9M respectively.
Key information
16.7%
Debt to equity ratio
AU$5.36m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$37.45m |
| Equity | AU$32.14m |
| Total liabilities | AU$6.86m |
| Total assets | AU$39.00m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CDO's short term assets (A$37.8M) exceed its short term liabilities (A$6.9M).
Long Term Liabilities: CDO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CDO has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CDO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CDO's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: Insufficient data to determine if CDO's interest payments on its debt are well covered by EBIT.