Coles Group Balance Sheet Health
Financial Health criteria checks 4/6
Coles Group has a total shareholder equity of A$3.5B and total debt of A$1.7B, which brings its debt-to-equity ratio to 47.1%. Its total assets and total liabilities are A$19.5B and A$15.9B respectively. Coles Group's EBIT is A$1.7B making its interest coverage ratio 4.3. It has cash and short-term investments of A$1.1B.
Key information
47.1%
Debt to equity ratio
AU$1.67b
Debt
Interest coverage ratio | 4.3x |
Cash | AU$1.09b |
Equity | AU$3.54b |
Total liabilities | AU$15.95b |
Total assets | AU$19.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2OF's short term assets (A$4.7B) do not cover its short term liabilities (A$7.1B).
Long Term Liabilities: 2OF's short term assets (A$4.7B) do not cover its long term liabilities (A$8.9B).
Debt to Equity History and Analysis
Debt Level: 2OF's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: 2OF's debt to equity ratio has reduced from 60.8% to 47.1% over the past 5 years.
Debt Coverage: 2OF's debt is well covered by operating cash flow (163.1%).
Interest Coverage: 2OF's interest payments on its debt are well covered by EBIT (4.3x coverage).