Freedom Care Group Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Freedom Care Group Holdings has a total shareholder equity of A$5.4M and total debt of A$1.0M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are A$9.9M and A$4.4M respectively. Freedom Care Group Holdings's EBIT is A$1.4M making its interest coverage ratio -7.3. It has cash and short-term investments of A$4.1M.
Key information
18.9%
Debt to equity ratio
AU$1.03m
Debt
| Interest coverage ratio | -7.3x |
| Cash | AU$4.14m |
| Equity | AU$5.43m |
| Total liabilities | AU$4.43m |
| Total assets | AU$9.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FCG's short term assets (A$7.0M) exceed its short term liabilities (A$3.3M).
Long Term Liabilities: FCG's short term assets (A$7.0M) exceed its long term liabilities (A$1.1M).
Debt to Equity History and Analysis
Debt Level: FCG has more cash than its total debt.
Reducing Debt: Insufficient data to determine if FCG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FCG's debt is well covered by operating cash flow (254.2%).
Interest Coverage: FCG earns more interest than it pays, so coverage of interest payments is not a concern.