Myer Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Myer Holdings has a total shareholder equity of A$255.0M and total debt of A$62.2M, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are A$2.4B and A$2.1B respectively. Myer Holdings's EBIT is A$161.0M making its interest coverage ratio 1.8. It has cash and short-term investments of A$176.0M.
Key information
24.4%
Debt to equity ratio
AU$62.20m
Debt
| Interest coverage ratio | 1.8x |
| Cash | AU$176.00m |
| Equity | AU$255.00m |
| Total liabilities | AU$2.12b |
| Total assets | AU$2.38b |
Recent financial health updates
Is Myer Holdings (ASX:MYR) A Risky Investment?
Jul 19
Myer Holdings (ASX:MYR) Has A Pretty Healthy Balance Sheet
Mar 09Myer Holdings (ASX:MYR) Seems To Use Debt Quite Sensibly
Jan 29Here's Why Myer Holdings (ASX:MYR) Can Manage Its Debt Responsibly
Sep 16These 4 Measures Indicate That Myer Holdings (ASX:MYR) Is Using Debt Extensively
Mar 09Recent updates
Myer Holdings' (ASX:MYR) Dividend Is Being Reduced To A$0.005
Oct 02There May Be Reason For Hope In Myer Holdings' (ASX:MYR) Disappointing Earnings
Oct 01There's No Escaping Myer Holdings Limited's (ASX:MYR) Muted Earnings Despite A 27% Share Price Rise
Jun 29Myer Holdings Limited (ASX:MYR) Looks Inexpensive But Perhaps Not Attractive Enough
Apr 17Is Now The Time To Put Myer Holdings (ASX:MYR) On Your Watchlist?
Feb 07Is It Too Late To Consider Buying Myer Holdings Limited (ASX:MYR)?
Dec 20Returns At Myer Holdings (ASX:MYR) Are On The Way Up
Oct 10Is Myer Holdings (ASX:MYR) A Risky Investment?
Jul 19We Like These Underlying Return On Capital Trends At Myer Holdings (ASX:MYR)
May 15Myer Holdings (ASX:MYR) Has A Pretty Healthy Balance Sheet
Mar 09Should You Be Adding Myer Holdings (ASX:MYR) To Your Watchlist Today?
Jan 18Is Myer Holdings Limited (ASX:MYR) Trading At A 43% Discount?
Jul 26Myer Holdings (ASX:MYR) Seems To Use Debt Quite Sensibly
Jan 29An Intrinsic Calculation For Myer Holdings Limited (ASX:MYR) Suggests It's 43% Undervalued
Dec 06Here's Why Myer Holdings (ASX:MYR) Can Manage Its Debt Responsibly
Sep 16Estimating The Intrinsic Value Of Myer Holdings Limited (ASX:MYR)
Aug 03Myer Holdings (ASX:MYR) Will Will Want To Turn Around Its Return Trends
Mar 31Trade Alert: The Independent Non-Executive Director Of Myer Holdings Limited (ASX:MYR), David Whittle, Has Just Spent AU$57k Buying 300% More Shares
Mar 10These 4 Measures Indicate That Myer Holdings (ASX:MYR) Is Using Debt Extensively
Mar 09Myer Holdings' (ASX:MYR) Shareholders Are Down 71% On Their Shares
Feb 16
Myer Holdings Limited (ASX:MYR) Shares Could Be 38% Below Their Intrinsic Value Estimate
Jan 29Here's What Myer Holdings Limited's (ASX:MYR) Shareholder Ownership Structure Looks Like
Jan 11A Quick Analysis On Myer Holdings' (ASX:MYR) CEO Compensation
Dec 27Will Myer Holdings (ASX:MYR) Multiply In Value Going Forward?
Dec 11John King Is The CEO, MD & Director of Myer Holdings Limited (ASX:MYR) And They Just Picked Up 15% More Shares
Nov 26Estimating The Intrinsic Value Of Myer Holdings Limited (ASX:MYR)
Sep 03Is Myer Holdings (ASX:MYR) Likely To Turn Things Around?
Aug 19Should You Take Comfort From Insider Transactions At Myer Holdings Limited (ASX:MYR)?
Jul 13At AU$0.20, Is Myer Holdings Limited (ASX:MYR) Worth Looking At Closely?
Jun 28Financial Position Analysis
Short Term Liabilities: MYR's short term assets (A$584.4M) do not cover its short term liabilities (A$646.3M).
Long Term Liabilities: MYR's short term assets (A$584.4M) do not cover its long term liabilities (A$1.5B).
Debt to Equity History and Analysis
Debt Level: MYR has more cash than its total debt.
Reducing Debt: MYR's debt to equity ratio has increased from 14.3% to 24.4% over the past 5 years.
Debt Coverage: MYR's debt is well covered by operating cash flow (393.7%).
Interest Coverage: MYR's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 21:38 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/07/27 |
| Annual Earnings | 2024/07/27 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Myer Holdings Limited is covered by 21 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ben Barzach | ANZ Equities Pty Limited |
| Anthony Vogel | APP Securities Pty Ltd. |
| Russell Wright | Barclay Pearce Capital Pty Limited |