Peet Balance Sheet Health
Financial Health criteria checks 2/6
Peet has a total shareholder equity of A$582.2M and total debt of A$410.7M, which brings its debt-to-equity ratio to 70.5%. Its total assets and total liabilities are A$1.1B and A$520.1M respectively. Peet's EBIT is A$29.4M making its interest coverage ratio 8.6. It has cash and short-term investments of A$36.6M.
Key information
70.5%
Debt to equity ratio
AU$410.72m
Debt
Interest coverage ratio | 8.6x |
Cash | AU$36.59m |
Equity | AU$582.25m |
Total liabilities | AU$520.08m |
Total assets | AU$1.10b |
Recent financial health updates
These 4 Measures Indicate That Peet (ASX:PPC) Is Using Debt Extensively
May 25Peet (ASX:PPC) Use Of Debt Could Be Considered Risky
Mar 29Peet (ASX:PPC) Takes On Some Risk With Its Use Of Debt
Dec 06Recent updates
We Ran A Stock Scan For Earnings Growth And Peet (ASX:PPC) Passed With Ease
Jul 05These 4 Measures Indicate That Peet (ASX:PPC) Is Using Debt Extensively
May 25Is Peet Limited's (ASX:PPC) 1.2% Dividend Sustainable?
May 07Peet (ASX:PPC) Use Of Debt Could Be Considered Risky
Mar 29Did You Participate In Any Of Peet's (ASX:PPC) Respectable 50% Return?
Feb 24Read This Before Buying Peet Limited (ASX:PPC) Shares
Jan 28How Much Is Peet Limited (ASX:PPC) CEO Getting Paid?
Dec 28Peet (ASX:PPC) Takes On Some Risk With Its Use Of Debt
Dec 06What Is The Ownership Structure Like For Peet Limited (ASX:PPC)?
Aug 03Peet Limited's (ASX:PPC) Intrinsic Value Is Potentially 86% Above Its Share Price
Jul 13Financial Position Analysis
Short Term Liabilities: PPC's short term assets (A$238.5M) exceed its short term liabilities (A$157.7M).
Long Term Liabilities: PPC's short term assets (A$238.5M) do not cover its long term liabilities (A$362.4M).
Debt to Equity History and Analysis
Debt Level: PPC's net debt to equity ratio (64.3%) is considered high.
Reducing Debt: PPC's debt to equity ratio has increased from 46% to 70.5% over the past 5 years.
Debt Coverage: PPC's debt is not well covered by operating cash flow (1.1%).
Interest Coverage: PPC's interest payments on its debt are well covered by EBIT (8.6x coverage).