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
No updates
Recent updates
Financial 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).