OFX Group Balance Sheet Health
Financial Health criteria checks 5/6
OFX Group has a total shareholder equity of A$169.6M and total debt of A$42.2M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are A$569.5M and A$399.9M respectively. OFX Group's EBIT is A$43.5M making its interest coverage ratio 6.6. It has cash and short-term investments of A$88.0M.
Key information
24.9%
Debt to equity ratio
AU$42.19m
Debt
Interest coverage ratio | 6.6x |
Cash | AU$88.01m |
Equity | AU$169.64m |
Total liabilities | AU$399.86m |
Total assets | AU$569.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OFX's short term assets (A$421.8M) exceed its short term liabilities (A$334.7M).
Long Term Liabilities: OFX's short term assets (A$421.8M) exceed its long term liabilities (A$65.2M).
Debt to Equity History and Analysis
Debt Level: OFX has more cash than its total debt.
Reducing Debt: OFX's debt to equity ratio has increased from 0% to 24.9% over the past 5 years.
Debt Coverage: OFX's debt is well covered by operating cash flow (143.6%).
Interest Coverage: OFX's interest payments on its debt are well covered by EBIT (6.6x coverage).