Metcash Balance Sheet Health
Financial Health criteria checks 5/6
Metcash has a total shareholder equity of A$1.1B and total debt of A$426.3M, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are A$5.8B and A$4.7B respectively. Metcash's EBIT is A$459.7M making its interest coverage ratio 6.6. It has cash and short-term investments of A$96.9M.
Key information
37.2%
Debt to equity ratio
AU$426.30m
Debt
Interest coverage ratio | 6.6x |
Cash | AU$96.90m |
Equity | AU$1.15b |
Total liabilities | AU$4.67b |
Total assets | AU$5.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MG9's short term assets (A$3.5B) exceed its short term liabilities (A$3.2B).
Long Term Liabilities: MG9's short term assets (A$3.5B) exceed its long term liabilities (A$1.4B).
Debt to Equity History and Analysis
Debt Level: MG9's net debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: MG9's debt to equity ratio has increased from 16.1% to 37.2% over the past 5 years.
Debt Coverage: MG9's debt is well covered by operating cash flow (117.5%).
Interest Coverage: MG9's interest payments on its debt are well covered by EBIT (6.6x coverage).