Topgolf Callaway Brands Balance Sheet Health
Financial Health criteria checks 4/6
Topgolf Callaway Brands has a total shareholder equity of $3.9B and total debt of $1.5B, which brings its debt-to-equity ratio to 38.7%. Its total assets and total liabilities are $9.2B and $5.2B respectively. Topgolf Callaway Brands's EBIT is $189.0M making its interest coverage ratio 0.8. It has cash and short-term investments of $443.7M.
Key information
38.7%
Debt to equity ratio
US$1.52b
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$443.70m |
| Equity | US$3.94b |
| Total liabilities | US$5.22b |
| Total assets | US$9.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLY's short term assets ($1.6B) exceed its short term liabilities ($842.5M).
Long Term Liabilities: CLY's short term assets ($1.6B) do not cover its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: CLY's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: CLY's debt to equity ratio has reduced from 73.8% to 38.7% over the past 5 years.
Debt Coverage: CLY's debt is well covered by operating cash flow (31.3%).
Interest Coverage: CLY's interest payments on its debt are not well covered by EBIT (0.8x coverage).