Cobram Estate Olives Balance Sheet Health
Financial Health criteria checks 3/6
Cobram Estate Olives has a total shareholder equity of A$321.7M and total debt of A$225.3M, which brings its debt-to-equity ratio to 70%. Its total assets and total liabilities are A$690.1M and A$368.3M respectively. Cobram Estate Olives's EBIT is A$42.6M making its interest coverage ratio 4.7. It has cash and short-term investments of A$12.6M.
Key information
70.0%
Debt to equity ratio
AU$225.34m
Debt
| Interest coverage ratio | 4.7x |
| Cash | AU$12.59m |
| Equity | AU$321.75m |
| Total liabilities | AU$368.33m |
| Total assets | AU$690.07m |
Recent financial health updates
No updates
Recent updates
Cobram Estate Olives Limited's (ASX:CBO) P/S Is Still On The Mark Following 27% Share Price Bounce
Dec 23
Cobram Estate Olives' (ASX:CBO) Dividend Will Be A$0.033
Nov 16Cobram Estate Olives' (ASX:CBO) Dividend Will Be A$0.033
Oct 31The Returns On Capital At Cobram Estate Olives (ASX:CBO) Don't Inspire Confidence
Oct 06Financial Position Analysis
Short Term Liabilities: CBO's short term assets (A$140.1M) exceed its short term liabilities (A$56.5M).
Long Term Liabilities: CBO's short term assets (A$140.1M) do not cover its long term liabilities (A$311.8M).
Debt to Equity History and Analysis
Debt Level: CBO's net debt to equity ratio (66.1%) is considered high.
Reducing Debt: CBO's debt to equity ratio has increased from 68.7% to 70% over the past 5 years.
Debt Coverage: CBO's debt is well covered by operating cash flow (21.2%).
Interest Coverage: CBO's interest payments on its debt are well covered by EBIT (4.7x coverage).