Zip Co Balance Sheet Health
Financial Health criteria checks 5/6
Zip Co has a total shareholder equity of A$419.0M and total debt of A$2.6B, which brings its debt-to-equity ratio to 613.3%. Its total assets and total liabilities are A$3.4B and A$3.0B respectively. Zip Co's EBIT is A$220.0M making its interest coverage ratio 1. It has cash and short-term investments of A$166.0M.
Key information
613.3%
Debt to equity ratio
AU$2.57b
Debt
Interest coverage ratio | 1x |
Cash | AU$166.00m |
Equity | AU$419.05m |
Total liabilities | AU$2.96b |
Total assets | AU$3.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YRRA's short term assets (A$3.0B) exceed its short term liabilities (A$339.5M).
Long Term Liabilities: YRRA's short term assets (A$3.0B) exceed its long term liabilities (A$2.6B).
Debt to Equity History and Analysis
Debt Level: YRRA's net debt to equity ratio (573.6%) is considered high.
Reducing Debt: YRRA's debt to equity ratio has reduced from 1885.2% to 613.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable YRRA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: YRRA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34% per year.