Accent Group Balance Sheet Health
Financial Health criteria checks 4/6
Accent Group has a total shareholder equity of A$418.8M and total debt of A$150.3M, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are A$1.1B and A$729.1M respectively. Accent Group's EBIT is A$124.5M making its interest coverage ratio 4.8. It has cash and short-term investments of A$28.1M.
Key information
35.9%
Debt to equity ratio
AU$150.25m
Debt
| Interest coverage ratio | 4.8x |
| Cash | AU$28.05m |
| Equity | AU$418.81m |
| Total liabilities | AU$729.14m |
| Total assets | AU$1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AX1's short term assets (A$346.5M) exceed its short term liabilities (A$332.6M).
Long Term Liabilities: AX1's short term assets (A$346.5M) do not cover its long term liabilities (A$396.6M).
Debt to Equity History and Analysis
Debt Level: AX1's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: AX1's debt to equity ratio has increased from 21.5% to 35.9% over the past 5 years.
Debt Coverage: AX1's debt is well covered by operating cash flow (163.8%).
Interest Coverage: AX1's interest payments on its debt are well covered by EBIT (4.8x coverage).