COSOL Balance Sheet Health
Financial Health criteria checks 5/6
COSOL has a total shareholder equity of A$63.5M and total debt of A$18.3M, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are A$107.0M and A$43.4M respectively. COSOL's EBIT is A$12.0M making its interest coverage ratio 10.1. It has cash and short-term investments of A$6.7M.
Key information
28.8%
Debt to equity ratio
AU$18.30m
Debt
Interest coverage ratio | 10.1x |
Cash | AU$6.71m |
Equity | AU$63.53m |
Total liabilities | AU$43.45m |
Total assets | AU$106.98m |
Recent financial health updates
Recent updates
At AU$0.70, Is COSOL Limited (ASX:COS) Worth Looking At Closely?
Jun 13Do COSOL's (ASX:COS) Earnings Warrant Your Attention?
Apr 03COSOL (ASX:COS) Could Easily Take On More Debt
Dec 06Robust Earnings May Not Tell The Whole Story For COSOL (ASX:COS)
Feb 28Should You Be Adding COSOL (ASX:COS) To Your Watchlist Today?
Feb 01Financial Position Analysis
Short Term Liabilities: COS's short term assets (A$31.2M) exceed its short term liabilities (A$25.8M).
Long Term Liabilities: COS's short term assets (A$31.2M) exceed its long term liabilities (A$17.6M).
Debt to Equity History and Analysis
Debt Level: COS's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: COS's debt to equity ratio has increased from 0% to 28.8% over the past 5 years.
Debt Coverage: COS's debt is well covered by operating cash flow (32%).
Interest Coverage: COS's interest payments on its debt are well covered by EBIT (10.1x coverage).