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
No updates
Recent updates
Financial 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).