Myer Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Myer Holdings has a total shareholder equity of A$283.6M and total debt of A$61.2M, which brings its debt-to-equity ratio to 21.6%. Its total assets and total liabilities are A$2.6B and A$2.3B respectively. Myer Holdings's EBIT is A$175.7M making its interest coverage ratio 2. It has cash and short-term investments of A$272.9M.
Key information
21.6%
Debt to equity ratio
AU$61.20m
Debt
| Interest coverage ratio | 2x |
| Cash | AU$272.90m |
| Equity | AU$283.60m |
| Total liabilities | AU$2.27b |
| Total assets | AU$2.56b |
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 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$690.3M) do not cover its short term liabilities (A$720.9M).
Long Term Liabilities: MYR's short term assets (A$690.3M) do not cover its long term liabilities (A$1.6B).
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 15.4% to 21.6% over the past 5 years.
Debt Coverage: MYR's debt is well covered by operating cash flow (401.8%).
Interest Coverage: MYR's interest payments on its debt are not well covered by EBIT (2x coverage).