COG Financial Services Balance Sheet Health

Financial Health criteria checks 2/6

COG Financial Services has a total shareholder equity of A$203.6M and total debt of A$368.8M, which brings its debt-to-equity ratio to 181.1%. Its total assets and total liabilities are A$687.1M and A$483.5M respectively. COG Financial Services's EBIT is A$56.5M making its interest coverage ratio 3.2. It has cash and short-term investments of A$125.7M.

Key information

181.1%

Debt to equity ratio

AU$368.78m

Debt

Interest coverage ratio	3.2x
Cash	AU$125.68m
Equity	AU$203.63m
Total liabilities	AU$483.49m
Total assets	AU$687.12m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: COG's short term assets (A$240.1M) do not cover its short term liabilities (A$305.3M).

Long Term Liabilities: COG's short term assets (A$240.1M) exceed its long term liabilities (A$178.1M).

Debt to Equity History and Analysis

Debt Level: COG's net debt to equity ratio (119.4%) is considered high.

Reducing Debt: COG's debt to equity ratio has increased from 27% to 181.1% over the past 5 years.

Debt Coverage: COG's debt is not well covered by operating cash flow (12.6%).

Interest Coverage: COG's interest payments on its debt are well covered by EBIT (3.2x coverage).

COG Financial Services Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Recent updates

COG Financial Services Limited, Annual General Meeting, Nov 29, 2024

Board Member recently bought AU$201k worth of stock

Full year 2024 earnings released: EPS: AU$0.067 (vs AU$0.043 in FY 2023)

Now 20% overvalued

Upcoming dividend of AU$0.04 per share

First half dividend of AU$0.04 announced

First half 2024 earnings released: EPS: AU$0.048 (vs AU$0.044 in 1H 2023)

New minor risk - Shareholder dilution

Board Member recently bought AU$378k worth of stock

Investor sentiment improves as stock rises 19%

COG Financial Services Limited (ASX:COG) acquired 19.99% stake in Centrepoint Alliance Limited (ASX:CAF) from ClearView Wealth Limited (ASX:CVW) for AUD 13.05 million

Board Member recently bought AU$136k worth of stock

COG Financial Services Limited, Annual General Meeting, Nov 27, 2023

Insufficient new directors

Upcoming dividend of AU$0.047 per share at 6.0% yield

Full year 2023 earnings released: EPS: AU$0.043 (vs AU$0.11 in FY 2022)

COG Financial Services Limited Final Dividend for the Year Ended 30 June 2023, Payable on 20 October 2023

COG Financial Services Limited to Report Fiscal Year 2023 Results on Aug 25, 2023

Board Member recently bought AU$1.1m worth of stock

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of AU$0.037 per share at 5.9% yield

COG Financial Services Limited Appoints Richard Balzer as Chief Financial Officer

COG Financial Services Limited, Annual General Meeting, Nov 25, 2022

Upcoming dividend of AU$0.048 per share

Full year 2022 earnings released: EPS: AU$0.11 (vs AU$0.16 loss in FY 2021)

COG Financial Services Limited Announces Ordinary Fully Paid Franked Dividend for the Six Months Ended June 30, 2022, Payable on October 21, 2022

Investor sentiment improved over the past week

COG Financial Services Limited Declares Distribution for the Six Month Ended December 31, 2021, Payable on April 28, 2022

COG Financial Services Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended December 31, 2021, Payable on April 28, 2022

Upcoming dividend of AU$0.06 per share

Full year 2021 earnings released: AU$0.016 loss per share (vs AU$0.068 loss in FY 2020)

Board Member recently bought AU$1.7m worth of stock

Board Member recently bought AU$213k worth of stock

Board Member recently bought AU$199k worth of stock

First half 2021 earnings released: AU$0.02 loss per share (vs AU$0.002 profit in 1H 2020)

Board Member recently bought AU$257k worth of stock

Consolidated Operations Group Limited (ASX:COG) signed term sheet to acquire an additional 43.2% stake in Westlawn Finance Limited for AUD 16.8 million.

Full year earnings released - AU$0.0068 loss per share

Consolidated Operations Group Limited(ASX:COG) dropped from S&P/ASX All Ordinaries Index

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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