Cleanaway Waste Management Balance Sheet Health
Financial Health criteria checks 3/6
Cleanaway Waste Management has a total shareholder equity of A$3.0B and total debt of A$1.1B, which brings its debt-to-equity ratio to 37.5%. Its total assets and total liabilities are A$6.4B and A$3.4B respectively. Cleanaway Waste Management's EBIT is A$329.2M making its interest coverage ratio 3.9. It has cash and short-term investments of A$120.6M.
Key information
37.5%
Debt to equity ratio
AU$1.13b
Debt
| Interest coverage ratio | 3.9x |
| Cash | AU$120.60m |
| Equity | AU$3.00b |
| Total liabilities | AU$3.37b |
| Total assets | AU$6.37b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TG9's short term assets (A$776.4M) do not cover its short term liabilities (A$999.4M).
Long Term Liabilities: TG9's short term assets (A$776.4M) do not cover its long term liabilities (A$2.4B).
Debt to Equity History and Analysis
Debt Level: TG9's net debt to equity ratio (33.5%) is considered satisfactory.
Reducing Debt: TG9's debt to equity ratio has increased from 22.9% to 37.5% over the past 5 years.
Debt Coverage: TG9's debt is well covered by operating cash flow (48.1%).
Interest Coverage: TG9's interest payments on its debt are well covered by EBIT (3.9x coverage).