United Malt Group Balance Sheet Health
Financial Health criteria checks 2/6
United Malt Group has a total shareholder equity of A$1.1B and total debt of A$716.9M, which brings its debt-to-equity ratio to 67%. Its total assets and total liabilities are A$2.2B and A$1.1B respectively. United Malt Group's EBIT is A$14.4M making its interest coverage ratio 0.6. It has cash and short-term investments of A$159.1M.
Key information
67.0%
Debt to equity ratio
AU$716.90m
Debt
| Interest coverage ratio | 0.6x |
| Cash | AU$159.10m |
| Equity | AU$1.07b |
| Total liabilities | AU$1.11b |
| Total assets | AU$2.18b |
Recent financial health updates
Auditors Are Concerned About United Malt Group (ASX:UMG)
Nov 17
These 4 Measures Indicate That United Malt Group (ASX:UMG) Is Using Debt Extensively
Jan 08
Recent updates
A Look At The Intrinsic Value Of United Malt Group Limited (ASX:UMG)
May 01Auditors Are Concerned About United Malt Group (ASX:UMG)
Nov 17United Malt Group (ASX:UMG) May Have Issues Allocating Its Capital
Nov 01There Are Reasons To Feel Uneasy About United Malt Group's (ASX:UMG) Returns On Capital
Aug 01Are Investors Undervaluing United Malt Group Limited (ASX:UMG) By 37%?
Mar 07The Returns On Capital At United Malt Group (ASX:UMG) Don't Inspire Confidence
Jan 13United Malt Group (ASX:UMG) Has Affirmed Its Dividend Of AU$0.035
Nov 19United Malt Group (ASX:UMG) Might Be Having Difficulty Using Its Capital Effectively
Jul 28United Malt Group Limited Just Missed Earnings - But Analysts Have Updated Their Models
May 20United Malt Group Limited (ASX:UMG) Is Yielding 1.9% - But Is It A Buy?
Jan 26These 4 Measures Indicate That United Malt Group (ASX:UMG) Is Using Debt Extensively
Jan 08How Much Are United Malt Group Limited (ASX:UMG) Insiders Spending On Buying Shares?
Dec 21Should You Use United Malt Group's (ASX:UMG) Statutory Earnings To Analyse It?
Dec 01Financial Position Analysis
Short Term Liabilities: UMG's short term assets (A$931.8M) exceed its short term liabilities (A$544.9M).
Long Term Liabilities: UMG's short term assets (A$931.8M) exceed its long term liabilities (A$562.7M).
Debt to Equity History and Analysis
Debt Level: UMG's net debt to equity ratio (52.2%) is considered high.
Reducing Debt: Insufficient data to determine if UMG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: UMG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: UMG's interest payments on its debt are not well covered by EBIT (0.6x coverage).