Clover Balance Sheet Health
Financial Health criteria checks 5/6
Clover has a total shareholder equity of A$65.3M and total debt of A$13.6M, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are A$84.9M and A$19.6M respectively. Clover's EBIT is A$3.6M making its interest coverage ratio 4.3. It has cash and short-term investments of A$8.1M.
Key information
20.8%
Debt to equity ratio
AU$13.58m
Debt
Interest coverage ratio | 4.3x |
Cash | AU$8.05m |
Equity | AU$65.31m |
Total liabilities | AU$19.56m |
Total assets | AU$84.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLV's short term assets (A$56.2M) exceed its short term liabilities (A$6.5M).
Long Term Liabilities: CLV's short term assets (A$56.2M) exceed its long term liabilities (A$13.1M).
Debt to Equity History and Analysis
Debt Level: CLV's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: CLV's debt to equity ratio has increased from 18.3% to 20.8% over the past 5 years.
Debt Coverage: CLV's debt is well covered by operating cash flow (33.5%).
Interest Coverage: CLV's interest payments on its debt are well covered by EBIT (4.3x coverage).