InvoCare Balance Sheet Health
Financial Health criteria checks 3/6
InvoCare has a total shareholder equity of A$638.1M and total debt of A$240.9M, which brings its debt-to-equity ratio to 37.8%. Its total assets and total liabilities are A$1.7B and A$1.1B respectively. InvoCare's EBIT is A$48.3M making its interest coverage ratio 1.3. It has cash and short-term investments of A$21.9M.
Key information
37.8%
Debt to equity ratio
AU$240.92m
Debt
Interest coverage ratio | 1.3x |
Cash | AU$21.91m |
Equity | AU$638.09m |
Total liabilities | AU$1.08b |
Total assets | AU$1.72b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IF3's short term assets (A$193.0M) exceed its short term liabilities (A$138.6M).
Long Term Liabilities: IF3's short term assets (A$193.0M) do not cover its long term liabilities (A$940.7M).
Debt to Equity History and Analysis
Debt Level: IF3's net debt to equity ratio (34.3%) is considered satisfactory.
Reducing Debt: IF3's debt to equity ratio has reduced from 197.3% to 37.8% over the past 5 years.
Debt Coverage: IF3's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: IF3's interest payments on its debt are not well covered by EBIT (1.3x coverage).