Southern Cross Media Group Balance Sheet Health
Financial Health criteria checks 4/6
Southern Cross Media Group has a total shareholder equity of A$202.8M and total debt of A$117.5M, which brings its debt-to-equity ratio to 57.9%. Its total assets and total liabilities are A$692.3M and A$489.5M respectively. Southern Cross Media Group's EBIT is A$21.5M making its interest coverage ratio 1.1. It has cash and short-term investments of A$10.5M.
Key information
57.9%
Debt to equity ratio
AU$117.54m
Debt
| Interest coverage ratio | 1.1x |
| Cash | AU$10.54m |
| Equity | AU$202.84m |
| Total liabilities | AU$489.48m |
| Total assets | AU$692.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SXL's short term assets (A$116.9M) exceed its short term liabilities (A$74.9M).
Long Term Liabilities: SXL's short term assets (A$116.9M) do not cover its long term liabilities (A$414.6M).
Debt to Equity History and Analysis
Debt Level: SXL's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: SXL's debt to equity ratio has reduced from 76.2% to 57.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SXL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SXL is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 23.4% per year.