Elders Balance Sheet Health
Financial Health criteria checks 6/6
Elders has a total shareholder equity of A$866.8M and total debt of A$281.2M, which brings its debt-to-equity ratio to 32.4%. Its total assets and total liabilities are A$2.1B and A$1.2B respectively. Elders's EBIT is A$156.7M making its interest coverage ratio 7.1. It has cash and short-term investments of A$21.5M.
Key information
32.4%
Debt to equity ratio
AU$281.17m
Debt
Interest coverage ratio | 7.1x |
Cash | AU$21.48m |
Equity | AU$866.84m |
Total liabilities | AU$1.21b |
Total assets | AU$2.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELD's short term assets (A$1.3B) exceed its short term liabilities (A$1.0B).
Long Term Liabilities: ELD's short term assets (A$1.3B) exceed its long term liabilities (A$196.8M).
Debt to Equity History and Analysis
Debt Level: ELD's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: ELD's debt to equity ratio has reduced from 59.5% to 32.4% over the past 5 years.
Debt Coverage: ELD's debt is well covered by operating cash flow (60.2%).
Interest Coverage: ELD's interest payments on its debt are well covered by EBIT (7.1x coverage).