Harvey Norman Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Harvey Norman Holdings has a total shareholder equity of A$4.5B and total debt of A$944.6M, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are A$7.9B and A$3.4B respectively. Harvey Norman Holdings's EBIT is A$660.7M making its interest coverage ratio 11.1. It has cash and short-term investments of A$273.5M.
Key information
20.8%
Debt to equity ratio
AU$944.59m
Debt
| Interest coverage ratio | 11.1x |
| Cash | AU$273.47m |
| Equity | AU$4.54b |
| Total liabilities | AU$3.39b |
| Total assets | AU$7.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HVN's short term assets (A$1.8B) exceed its short term liabilities (A$796.2M).
Long Term Liabilities: HVN's short term assets (A$1.8B) do not cover its long term liabilities (A$2.6B).
Debt to Equity History and Analysis
Debt Level: HVN's net debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: HVN's debt to equity ratio has reduced from 26.2% to 20.8% over the past 5 years.
Debt Coverage: HVN's debt is well covered by operating cash flow (72.7%).
Interest Coverage: HVN's interest payments on its debt are well covered by EBIT (11.1x coverage).