Cobram Estate Olives Balance Sheet Health
Financial Health criteria checks 3/6
Cobram Estate Olives has a total shareholder equity of A$265.5M and total debt of A$210.3M, which brings its debt-to-equity ratio to 79.2%. Its total assets and total liabilities are A$616.4M and A$351.0M respectively. Cobram Estate Olives's EBIT is A$27.0M making its interest coverage ratio 3.5. It has cash and short-term investments of A$8.7M.
Key information
79.2%
Debt to equity ratio
AU$210.31m
Debt
| Interest coverage ratio | 3.5x |
| Cash | AU$8.67m |
| Equity | AU$265.45m |
| Total liabilities | AU$350.99m |
| Total assets | AU$616.44m |
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$127.2M) exceed its short term liabilities (A$73.3M).
Long Term Liabilities: CBO's short term assets (A$127.2M) do not cover its long term liabilities (A$277.6M).
Debt to Equity History and Analysis
Debt Level: CBO's net debt to equity ratio (76%) is considered high.
Reducing Debt: CBO's debt to equity ratio has increased from 67.8% to 79.2% over the past 5 years.
Debt Coverage: CBO's debt is well covered by operating cash flow (26%).
Interest Coverage: CBO's interest payments on its debt are well covered by EBIT (3.5x coverage).