Heritage Brands Balance Sheet Health
Financial Health criteria checks 1/6
Heritage Brands has a total shareholder equity of A$19.7M and total debt of A$12.4M, which brings its debt-to-equity ratio to 62.6%. Its total assets and total liabilities are A$44.2M and A$24.5M respectively.
Key information
62.6%
Debt to equity ratio
AU$12.36m
Debt
Interest coverage ratio | n/a |
Cash | AU$1.17m |
Equity | AU$19.74m |
Total liabilities | AU$24.46m |
Total assets | AU$44.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HBA's short term assets (A$19.8M) do not cover its short term liabilities (A$20.4M).
Long Term Liabilities: HBA's short term assets (A$19.8M) exceed its long term liabilities (A$4.1M).
Debt to Equity History and Analysis
Debt Level: HBA's net debt to equity ratio (56.7%) is considered high.
Reducing Debt: HBA's debt to equity ratio has increased from 37.8% to 62.6% over the past 5 years.
Debt Coverage: HBA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if HBA's interest payments on its debt are well covered by EBIT.