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
Recent updates
Financial 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).