Xero Balance Sheet Health
Financial Health criteria checks 6/6
Xero has a total shareholder equity of NZ$1.9B and total debt of NZ$1.1B, which brings its debt-to-equity ratio to 57.3%. Its total assets and total liabilities are NZ$3.9B and NZ$2.0B respectively. Xero's EBIT is NZ$365.6M making its interest coverage ratio -12.8. It has cash and short-term investments of NZ$2.0B.
Key information
57.3%
Debt to equity ratio
NZ$1.08b
Debt
| Interest coverage ratio | -12.8x |
| Cash | NZ$1.95b |
| Equity | NZ$1.89b |
| Total liabilities | NZ$2.02b |
| Total assets | NZ$3.91b |
Recent financial health updates
Does Xero (ASX:XRO) Have A Healthy Balance Sheet?
Nov 26
Xero (ASX:XRO) Could Easily Take On More Debt
Jun 26Xero (ASX:XRO) Seems To Use Debt Rather Sparingly
Dec 29Recent updates
At AU$171, Is It Time To Put Xero Limited (ASX:XRO) On Your Watch List?
Dec 10Does Xero (ASX:XRO) Have A Healthy Balance Sheet?
Nov 26Estimating The Fair Value Of Xero Limited (ASX:XRO)
Oct 08Xero (ASX:XRO) Could Easily Take On More Debt
Jun 26Returns Are Gaining Momentum At Xero (ASX:XRO)
Jun 11Xero's (ASX:XRO) Solid Earnings Are Supported By Other Strong Factors
May 29Is Xero Limited (ASX:XRO) Worth AU$125 Based On Its Intrinsic Value?
May 22Pinning Down Xero Limited's (ASX:XRO) P/S Is Difficult Right Now
Mar 22Is It Time To Consider Buying Xero Limited (ASX:XRO)?
Feb 24Is Xero Limited (ASX:XRO) Expensive For A Reason? A Look At Its Intrinsic Value
Feb 05Returns On Capital Are Showing Encouraging Signs At Xero (ASX:XRO)
Jan 16Xero (ASX:XRO) Seems To Use Debt Rather Sparingly
Dec 29Financial Position Analysis
Short Term Liabilities: XRO's short term assets (NZ$2.2B) exceed its short term liabilities (NZ$1.9B).
Long Term Liabilities: XRO's short term assets (NZ$2.2B) exceed its long term liabilities (NZ$160.3M).
Debt to Equity History and Analysis
Debt Level: XRO has more cash than its total debt.
Reducing Debt: XRO's debt to equity ratio has reduced from 103.9% to 57.3% over the past 5 years.
Debt Coverage: XRO's debt is well covered by operating cash flow (66.7%).
Interest Coverage: XRO earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 07:29 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Xero Limited is covered by 27 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Choi | Barrenjoey Markets Pty Limited |
| Aryan Norozi | Barrenjoey Markets Pty Limited |
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |