Clover Balance Sheet Health
Financial Health criteria checks 6/6
Clover has a total shareholder equity of A$67.1M and total debt of A$8.5M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are A$84.4M and A$17.3M respectively. Clover's EBIT is A$3.1M making its interest coverage ratio 3.5. It has cash and short-term investments of A$12.3M.
Key information
12.6%
Debt to equity ratio
AU$8.47m
Debt
| Interest coverage ratio | 3.5x |
| Cash | AU$12.26m |
| Equity | AU$67.07m |
| Total liabilities | AU$17.32m |
| Total assets | AU$84.39m |
Recent financial health updates
We Think Clover (ASX:CLV) Is Taking Some Risk With Its Debt
Jul 03
These 4 Measures Indicate That Clover (ASX:CLV) Is Using Debt Reasonably Well
Oct 31Here's Why Clover (ASX:CLV) Can Manage Its Debt Responsibly
Jun 07Is Clover (ASX:CLV) Using Too Much Debt?
Oct 21Here's Why Clover (ASX:CLV) Can Manage Its Debt Responsibly
May 19Is Clover (ASX:CLV) Using Too Much Debt?
Jan 28Recent updates
The Market Doesn't Like What It Sees From Clover Corporation Limited's (ASX:CLV) Revenues Yet As Shares Tumble 25%
Sep 07We Think Clover (ASX:CLV) Is Taking Some Risk With Its Debt
Jul 03These 4 Measures Indicate That Clover (ASX:CLV) Is Using Debt Reasonably Well
Oct 31Here's What's Concerning About Clover's (ASX:CLV) Returns On Capital
May 19Clover (ASX:CLV) Is Paying Out A Larger Dividend Than Last Year
Mar 17Clover's (ASX:CLV) Upcoming Dividend Will Be Larger Than Last Year's
Oct 19Clover (ASX:CLV) Will Pay A Dividend Of A$0.01
Oct 01Clover's (ASX:CLV) Dividend Will Be A$0.01
Sep 17Here's Why Clover (ASX:CLV) Can Manage Its Debt Responsibly
Jun 07We Think The Compensation For Clover Corporation Limited's (ASX:CLV) CEO Looks About Right
Nov 11Is Clover (ASX:CLV) Using Too Much Debt?
Oct 21Here's Why Clover (ASX:CLV) Can Manage Its Debt Responsibly
May 19Why The 24% Return On Capital At Clover (ASX:CLV) Should Have Your Attention
Apr 04Analysts Just Shaved Their Clover Corporation Limited (ASX:CLV) Forecasts Dramatically
Mar 22Is It Too Late To Consider Buying Clover Corporation Limited (ASX:CLV)?
Mar 21Clover Corporation Limited's (ASX:CLV) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Mar 08Are Institutions Heavily Invested In Clover Corporation Limited's (ASX:CLV) Shares?
Feb 23What Can We Conclude About Clover's (ASX:CLV) CEO Pay?
Feb 10Is Clover (ASX:CLV) Using Too Much Debt?
Jan 28Did You Participate In Any Of Clover's (ASX:CLV) Incredible 375% Return?
Jan 13Clover (ASX:CLV) Knows How To Allocate Capital Effectively
Dec 29
Should You Think About Buying Clover Corporation Limited (ASX:CLV) Now?
Dec 14Clover Corporation Limited (ASX:CLV) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Nov 29Is Clover Corporation Limited (ASX:CLV) Popular Amongst Institutions?
Nov 17We Think Clover (ASX:CLV) Can Stay On Top Of Its Debt
Oct 13Clover (ASX:CLV) Has Rewarded Shareholders With An Exceptional 633% Total Return On Their Investment
Oct 01Clover Corporation Limited Just Missed Earnings - But Analysts Have Updated Their Models
Sep 19Does Clover (ASX:CLV) Have The DNA Of A Multi-Bagger?
Sep 17Clover Corporation Limited's (ASX:CLV) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Aug 30What Does Clover Corporation Limited's (ASX:CLV) Share Price Indicate?
Aug 12Is Clover Corporation Limited (ASX:CLV) Popular Amongst Institutions?
Jul 25Is Clover (ASX:CLV) A Risky Investment?
Jul 12Are Insiders Selling Clover Corporation Limited (ASX:CLV) Stock?
Jun 29Financial Position Analysis
Short Term Liabilities: CLV's short term assets (A$56.9M) exceed its short term liabilities (A$9.8M).
Long Term Liabilities: CLV's short term assets (A$56.9M) exceed its long term liabilities (A$7.5M).
Debt to Equity History and Analysis
Debt Level: CLV has more cash than its total debt.
Reducing Debt: CLV's debt to equity ratio has reduced from 29.8% to 12.6% over the past 5 years.
Debt Coverage: CLV's debt is well covered by operating cash flow (99.8%).
Interest Coverage: CLV's interest payments on its debt are well covered by EBIT (3.5x coverage).