Emeco Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Emeco Holdings has a total shareholder equity of A$637.2M and total debt of A$282.4M, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are A$1.2B and A$537.5M respectively. Emeco Holdings's EBIT is A$115.7M making its interest coverage ratio 4.7. It has cash and short-term investments of A$78.3M.
Key information
44.3%
Debt to equity ratio
AU$282.39m
Debt
Interest coverage ratio | 4.7x |
Cash | AU$78.27m |
Equity | AU$637.24m |
Total liabilities | AU$537.52m |
Total assets | AU$1.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: E3A's short term assets (A$294.0M) exceed its short term liabilities (A$195.8M).
Long Term Liabilities: E3A's short term assets (A$294.0M) do not cover its long term liabilities (A$341.7M).
Debt to Equity History and Analysis
Debt Level: E3A's net debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: E3A's debt to equity ratio has reduced from 231% to 44.3% over the past 5 years.
Debt Coverage: E3A's debt is well covered by operating cash flow (84%).
Interest Coverage: E3A's interest payments on its debt are well covered by EBIT (4.7x coverage).