CVC Balance Sheet Health
Financial Health criteria checks 1/6
CVC has a total shareholder equity of A$185.2M and total debt of A$150.3M, which brings its debt-to-equity ratio to 81.1%. Its total assets and total liabilities are A$342.1M and A$156.9M respectively. CVC's EBIT is A$19.6M making its interest coverage ratio 2.7. It has cash and short-term investments of A$44.4M.
Key information
81.1%
Debt to equity ratio
AU$150.25m
Debt
Interest coverage ratio | 2.7x |
Cash | AU$44.38m |
Equity | AU$185.21m |
Total liabilities | AU$156.92m |
Total assets | AU$342.14m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CVC's short term assets (A$50.8M) exceed its short term liabilities (A$32.6M).
Long Term Liabilities: CVC's short term assets (A$50.8M) do not cover its long term liabilities (A$124.3M).
Debt to Equity History and Analysis
Debt Level: CVC's net debt to equity ratio (57.2%) is considered high.
Reducing Debt: CVC's debt to equity ratio has increased from 42.3% to 81.1% over the past 5 years.
Debt Coverage: CVC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CVC's interest payments on its debt are not well covered by EBIT (2.7x coverage).