Kingsgate Consolidated Balance Sheet Health
Financial Health criteria checks 4/6
Kingsgate Consolidated has a total shareholder equity of A$33.5M and total debt of A$38.6M, which brings its debt-to-equity ratio to 115.4%. Its total assets and total liabilities are A$142.3M and A$108.8M respectively. Kingsgate Consolidated's EBIT is A$22.5M making its interest coverage ratio 4.7. It has cash and short-term investments of A$9.8M.
Key information
115.4%
Debt to equity ratio
AU$38.63m
Debt
| Interest coverage ratio | 4.7x |
| Cash | AU$9.76m |
| Equity | AU$33.48m |
| Total liabilities | AU$108.78m |
| Total assets | AU$142.26m |
Recent financial health updates
Kingsgate Consolidated (ASX:KCN) Takes On Some Risk With Its Use Of Debt
Apr 02
Would Kingsgate Consolidated (ASX:KCN) Be Better Off With Less Debt?
May 31Is Kingsgate Consolidated (ASX:KCN) A Risky Investment?
Nov 01Is Kingsgate Consolidated (ASX:KCN) Weighed On By Its Debt Load?
May 09Recent updates
Kingsgate Consolidated (ASX:KCN) Takes On Some Risk With Its Use Of Debt
Apr 02Returns Are Gaining Momentum At Kingsgate Consolidated (ASX:KCN)
Jan 04There Are Some Holes In Kingsgate Consolidated's (ASX:KCN) Solid Earnings Release
Oct 06Would Kingsgate Consolidated (ASX:KCN) Be Better Off With Less Debt?
May 31Is Kingsgate Consolidated (ASX:KCN) A Risky Investment?
Nov 01Is Kingsgate Consolidated (ASX:KCN) Weighed On By Its Debt Load?
May 09Did Business Growth Power Kingsgate Consolidated's (ASX:KCN) Share Price Gain of 156%?
Mar 17Financial Position Analysis
Short Term Liabilities: KCN's short term assets (A$72.8M) exceed its short term liabilities (A$58.2M).
Long Term Liabilities: KCN's short term assets (A$72.8M) exceed its long term liabilities (A$50.6M).
Debt to Equity History and Analysis
Debt Level: KCN's net debt to equity ratio (86.3%) is considered high.
Reducing Debt: KCN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: KCN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KCN's interest payments on its debt are well covered by EBIT (4.7x coverage).