Michael Hill International Balance Sheet Health
Financial Health criteria checks 4/6
Michael Hill International has a total shareholder equity of A$189.7M and total debt of A$34.4M, which brings its debt-to-equity ratio to 18.1%. Its total assets and total liabilities are A$576.8M and A$387.2M respectively. Michael Hill International's EBIT is A$26.0M making its interest coverage ratio 2.4. It has cash and short-term investments of A$22.8M.
Key information
18.1%
Debt to equity ratio
AU$34.40m
Debt
Interest coverage ratio | 2.4x |
Cash | AU$22.78m |
Equity | AU$189.67m |
Total liabilities | AU$387.17m |
Total assets | AU$576.84m |
Recent financial health updates
No updates
Recent updates
Michael Hill International Limited's (ASX:MHJ) CEO Compensation Is Looking A Bit Stretched At The Moment
Nov 07Michael Hill International (ASX:MHJ) Is Reducing Its Dividend To A$0.035
Aug 28Is Michael Hill International Limited (ASX:MHJ) Potentially Undervalued?
Mar 20Michael Hill International (ASX:MHJ) Is Increasing Its Dividend To AU$0.035
Feb 24Returns At Michael Hill International (ASX:MHJ) Appear To Be Weighed Down
Dec 29If You Like EPS Growth Then Check Out Michael Hill International (ASX:MHJ) Before It's Too Late
Oct 16At AU$0.81, Is It Time To Put Michael Hill International Limited (ASX:MHJ) On Your Watch List?
May 04Michael Hill International (ASX:MHJ) Could Be Struggling To Allocate Capital
Apr 11Four Days Left To Buy Michael Hill International Limited (ASX:MHJ) Before The Ex-Dividend Date
Mar 06If You Had Bought Michael Hill International's (ASX:MHJ) Shares Three Years Ago You Would Be Down 36%
Feb 28How Many Michael Hill International Limited (ASX:MHJ) Shares Did Insiders Buy, In The Last Year?
Feb 05We Think Michael Hill International's (ASX:MHJ) Statutory Profit Might Understate Its Earnings Potential
Jan 15Should You Be Impressed By Michael Hill International's (ASX:MHJ) Returns on Capital?
Dec 25When Should You Buy Michael Hill International Limited (ASX:MHJ)?
Dec 07If You Had Bought Michael Hill International's (ASX:MHJ) Shares Three Years Ago You Would Be Down 55%
Nov 22Trade Alert: The Non-Executive Independent Director Of Michael Hill International Limited (ASX:MHJ), Robert Fyfe, Has Just Spent AU$245k Buying 45% More Shares
Sep 01We're Watching These Trends At Michael Hill International (ASX:MHJ)
Aug 19Financial Position Analysis
Short Term Liabilities: MHJ's short term assets (A$270.9M) exceed its short term liabilities (A$168.1M).
Long Term Liabilities: MHJ's short term assets (A$270.9M) exceed its long term liabilities (A$219.1M).
Debt to Equity History and Analysis
Debt Level: MHJ's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: MHJ's debt to equity ratio has increased from 14.3% to 18.1% over the past 5 years.
Debt Coverage: MHJ's debt is well covered by operating cash flow (158.5%).
Interest Coverage: MHJ's interest payments on its debt are not well covered by EBIT (2.4x coverage).