Southern Cross Media Group Balance Sheet Health
Financial Health criteria checks 4/6
Southern Cross Media Group has a total shareholder equity of A$432.9M and total debt of A$127.4M, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are A$1.0B and A$600.2M respectively. Southern Cross Media Group's EBIT is A$27.6M making its interest coverage ratio 1.5. It has cash and short-term investments of A$21.4M.
Key information
29.4%
Debt to equity ratio
AU$127.39m
Debt
Interest coverage ratio | 1.5x |
Cash | AU$21.39m |
Equity | AU$432.86m |
Total liabilities | AU$600.23m |
Total assets | AU$1.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SXL's short term assets (A$122.1M) exceed its short term liabilities (A$73.3M).
Long Term Liabilities: SXL's short term assets (A$122.1M) do not cover its long term liabilities (A$527.0M).
Debt to Equity History and Analysis
Debt Level: SXL's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: SXL's debt to equity ratio has reduced from 78.8% to 29.4% over the past 5 years.
Debt Coverage: SXL's debt is well covered by operating cash flow (44.6%).
Interest Coverage: SXL's interest payments on its debt are not well covered by EBIT (1.5x coverage).