Collins Foods Balance Sheet Health
Financial Health criteria checks 2/6
Collins Foods has a total shareholder equity of A$413.9M and total debt of A$270.4M, which brings its debt-to-equity ratio to 65.3%. Its total assets and total liabilities are A$1.4B and A$976.5M respectively. Collins Foods's EBIT is A$78.8M making its interest coverage ratio 2.3. It has cash and short-term investments of A$102.4M.
Key information
65.3%
Debt to equity ratio
AU$270.39m
Debt
Interest coverage ratio | 2.3x |
Cash | AU$102.41m |
Equity | AU$413.86m |
Total liabilities | AU$976.53m |
Total assets | AU$1.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6CF's short term assets (A$123.5M) do not cover its short term liabilities (A$181.3M).
Long Term Liabilities: 6CF's short term assets (A$123.5M) do not cover its long term liabilities (A$795.2M).
Debt to Equity History and Analysis
Debt Level: 6CF's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: 6CF's debt to equity ratio has reduced from 83.9% to 65.3% over the past 5 years.
Debt Coverage: 6CF's debt is well covered by operating cash flow (63.3%).
Interest Coverage: 6CF's interest payments on its debt are not well covered by EBIT (2.3x coverage).