Hearts and Minds Investments Balance Sheet Health
Financial Health criteria checks 4/6
Hearts and Minds Investments has a total shareholder equity of A$697.4M and total debt of A$7.0M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are A$730.5M and A$33.1M respectively. Hearts and Minds Investments's EBIT is A$82.8M making its interest coverage ratio 13798090.3. It has cash and short-term investments of A$619.5M.
Key information
1.0%
Debt to equity ratio
AU$6.99m
Debt
| Interest coverage ratio | 13798090.3x |
| Cash | AU$619.48m |
| Equity | AU$697.41m |
| Total liabilities | AU$33.10m |
| Total assets | AU$730.51m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HM1's short term assets (A$626.7M) exceed its short term liabilities (A$13.6M).
Long Term Liabilities: HM1's short term assets (A$626.7M) exceed its long term liabilities (A$19.5M).
Debt to Equity History and Analysis
Debt Level: HM1 has more cash than its total debt.
Reducing Debt: HM1's debt to equity ratio has increased from 0% to 1% over the past 5 years.
Debt Coverage: HM1's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HM1's interest payments on its debt are well covered by EBIT (13798090.3x coverage).