Codan Balance Sheet Health
Financial Health criteria checks 5/6
Codan has a total shareholder equity of A$446.9M and total debt of A$95.1M, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are A$768.7M and A$321.8M respectively. Codan's EBIT is A$114.4M making its interest coverage ratio 12.1. It has cash and short-term investments of A$19.7M.
Key information
21.3%
Debt to equity ratio
AU$95.13m
Debt
| Interest coverage ratio | 12.1x |
| Cash | AU$19.70m |
| Equity | AU$446.93m |
| Total liabilities | AU$321.78m |
| Total assets | AU$768.71m |
Recent financial health updates
Codan (ASX:CDA) Has A Pretty Healthy Balance Sheet
Jun 23
Is Codan (ASX:CDA) Using Too Much Debt?
Oct 11These 4 Measures Indicate That Codan (ASX:CDA) Is Using Debt Safely
May 31Codan (ASX:CDA) Could Easily Take On More Debt
Feb 17Recent updates
Codan Limited's (ASX:CDA) Price Is Out Of Tune With Earnings
Jun 13Should You Think About Buying Codan Limited (ASX:CDA) Now?
May 08An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 32% Undervalued
Apr 24Capital Allocation Trends At Codan (ASX:CDA) Aren't Ideal
Mar 26There's Reason For Concern Over Codan Limited's (ASX:CDA) Massive 27% Price Jump
Feb 22A Look At The Fair Value Of Codan Limited (ASX:CDA)
Nov 30Codan's (ASX:CDA) Shareholders Will Receive A Smaller Dividend Than Last Year
Aug 31Codan (ASX:CDA) Has A Pretty Healthy Balance Sheet
Jun 23Some Investors May Be Worried About Codan's (ASX:CDA) Returns On Capital
Apr 13Time To Worry? Analysts Are Downgrading Their Codan Limited (ASX:CDA) Outlook
Oct 28Codan (ASX:CDA) Is Aiming To Keep Up Its Impressive Returns
Oct 27Is Codan (ASX:CDA) Using Too Much Debt?
Oct 11Here's Why We Think Codan (ASX:CDA) Is Well Worth Watching
Sep 26Should You Investigate Codan Limited (ASX:CDA) At AU$7.67?
Aug 19Is There An Opportunity With Codan Limited's (ASX:CDA) 50% Undervaluation?
Jul 18Capital Investment Trends At Codan (ASX:CDA) Look Strong
Jun 28These 4 Measures Indicate That Codan (ASX:CDA) Is Using Debt Safely
May 31Here's Why We Think Codan (ASX:CDA) Is Well Worth Watching
Apr 04Capital Investment Trends At Codan (ASX:CDA) Look Strong
Mar 07Analysts Just Made A Major Revision To Their Codan Limited (ASX:CDA) Revenue Forecasts
Feb 21Codan (ASX:CDA) Could Easily Take On More Debt
Feb 17Is Codan Limited (ASX:CDA) Trading At A 45% Discount?
Jan 19Does Codan (ASX:CDA) Deserve A Spot On Your Watchlist?
Dec 20Investors Should Be Encouraged By Codan's (ASX:CDA) Returns On Capital
Dec 06An Intrinsic Calculation For Codan Limited (ASX:CDA) Suggests It's 33% Undervalued
Oct 05Codan's (ASX:CDA) Upcoming Dividend Will Be Larger Than Last Year's
Aug 21Returns On Capital Are A Standout For Codan (ASX:CDA)
Aug 13Calculating The Fair Value Of Codan Limited (ASX:CDA)
Jul 06Is Now The Time To Put Codan (ASX:CDA) On Your Watchlist?
Jun 03Is Codan Limited's (ASX:CDA) 1.2% Dividend Worth Your Time?
Apr 08A Look At The Intrinsic Value Of Codan Limited (ASX:CDA)
Mar 24Codan (ASX:CDA) Knows How To Allocate Capital Effectively
Mar 09Financial Position Analysis
Short Term Liabilities: CDA's short term assets (A$258.9M) exceed its short term liabilities (A$155.4M).
Long Term Liabilities: CDA's short term assets (A$258.9M) exceed its long term liabilities (A$166.4M).
Debt to Equity History and Analysis
Debt Level: CDA's net debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: CDA's debt to equity ratio has increased from 0% to 21.3% over the past 5 years.
Debt Coverage: CDA's debt is well covered by operating cash flow (111.9%).
Interest Coverage: CDA's interest payments on its debt are well covered by EBIT (12.1x coverage).