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 $1.6B, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are $9.1B and $5.2B respectively. Topgolf Callaway Brands's EBIT is $235.8M making its interest coverage ratio 1.1. It has cash and short-term investments of $240.2M.
Key information
40.8%
Debt to equity ratio
US$1.59b
Debt
Interest coverage ratio | 1.1x |
Cash | US$240.20m |
Equity | US$3.89b |
Total liabilities | US$5.21b |
Total assets | US$9.09b |
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 ($875.0M).
Long Term Liabilities: CLY's short term assets ($1.6B) do not cover its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: CLY's net debt to equity ratio (34.7%) is considered satisfactory.
Reducing Debt: CLY's debt to equity ratio has reduced from 92.1% to 40.8% over the past 5 years.
Debt Coverage: CLY's debt is well covered by operating cash flow (27.9%).
Interest Coverage: CLY's interest payments on its debt are not well covered by EBIT (1.1x coverage).