Cadence Opportunities Fund Balance Sheet Health
Financial Health criteria checks 4/6
Cadence Opportunities Fund has a total shareholder equity of A$32.6M and total debt of A$6.7M, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are A$40.5M and A$7.9M respectively. Cadence Opportunities Fund's EBIT is A$3.6M making its interest coverage ratio 6. It has cash and short-term investments of A$38.9M.
Key information
20.6%
Debt to equity ratio
AU$6.70m
Debt
| Interest coverage ratio | 6x |
| Cash | AU$38.93m |
| Equity | AU$32.58m |
| Total liabilities | AU$7.94m |
| Total assets | AU$40.52m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CDO's short term assets (A$39.2M) exceed its short term liabilities (A$7.9M).
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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CDO's interest payments on its debt are well covered by EBIT (6x coverage).