Earlypay Balance Sheet Health
Financial Health criteria checks 2/6
Earlypay has a total shareholder equity of A$72.6M and total debt of A$234.8M, which brings its debt-to-equity ratio to 323.3%. Its total assets and total liabilities are A$314.0M and A$241.4M respectively. Earlypay's EBIT is A$23.0M making its interest coverage ratio 1.2. It has cash and short-term investments of A$40.1M.
Key information
323.3%
Debt to equity ratio
AU$234.78m
Debt
| Interest coverage ratio | 1.2x |
| Cash | AU$40.13m |
| Equity | AU$72.61m |
| Total liabilities | AU$241.43m |
| Total assets | AU$314.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EPY's short term assets (A$216.1M) exceed its short term liabilities (A$162.0M).
Long Term Liabilities: EPY's short term assets (A$216.1M) exceed its long term liabilities (A$79.4M).
Debt to Equity History and Analysis
Debt Level: EPY's net debt to equity ratio (268.1%) is considered high.
Reducing Debt: EPY's debt to equity ratio has increased from 252.2% to 323.3% over the past 5 years.
Debt Coverage: EPY's debt is not well covered by operating cash flow (4%).
Interest Coverage: EPY's interest payments on its debt are not well covered by EBIT (1.2x coverage).