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
Recent updates
Financial 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).