Healthia Balance Sheet Health
Financial Health criteria checks 3/6
Healthia has a total shareholder equity of A$192.2M and total debt of A$97.4M, which brings its debt-to-equity ratio to 50.7%. Its total assets and total liabilities are A$395.9M and A$203.7M respectively. Healthia's EBIT is A$28.8M making its interest coverage ratio 3.1. It has cash and short-term investments of A$5.6M.
Key information
50.7%
Debt to equity ratio
AU$97.43m
Debt
| Interest coverage ratio | 3.1x |
| Cash | AU$5.59m |
| Equity | AU$192.23m |
| Total liabilities | AU$203.70m |
| Total assets | AU$395.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HE3's short term assets (A$36.8M) do not cover its short term liabilities (A$52.3M).
Long Term Liabilities: HE3's short term assets (A$36.8M) do not cover its long term liabilities (A$151.4M).
Debt to Equity History and Analysis
Debt Level: HE3's net debt to equity ratio (47.8%) is considered high.
Reducing Debt: HE3's debt to equity ratio has reduced from 171.8% to 50.7% over the past 5 years.
Debt Coverage: HE3's debt is well covered by operating cash flow (23.2%).
Interest Coverage: HE3's interest payments on its debt are well covered by EBIT (3.1x coverage).