Market Balance Sheet Health
Financial Health criteria checks 2/6
Market has a total shareholder equity of A$70.7M and total debt of A$41.7M, which brings its debt-to-equity ratio to 59%. Its total assets and total liabilities are A$153.9M and A$83.2M respectively. Market's EBIT is A$8.1M making its interest coverage ratio 1.7. It has cash and short-term investments of A$11.8M.
Key information
59.0%
Debt to equity ratio
AU$41.71m
Debt
Interest coverage ratio | 1.7x |
Cash | AU$11.76m |
Equity | AU$70.73m |
Total liabilities | AU$83.15m |
Total assets | AU$153.88m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HO60's short term assets (A$29.0M) exceed its short term liabilities (A$28.8M).
Long Term Liabilities: HO60's short term assets (A$29.0M) do not cover its long term liabilities (A$54.3M).
Debt to Equity History and Analysis
Debt Level: HO60's net debt to equity ratio (42.3%) is considered high.
Reducing Debt: HO60's debt to equity ratio has increased from 0% to 59% over the past 5 years.
Debt Coverage: HO60's debt is well covered by operating cash flow (21.1%).
Interest Coverage: HO60's interest payments on its debt are not well covered by EBIT (1.7x coverage).