CAR Group Balance Sheet Health
Financial Health criteria checks 5/6
CAR Group has a total shareholder equity of A$3.0B and total debt of A$1.2B, which brings its debt-to-equity ratio to 40.1%. Its total assets and total liabilities are A$4.6B and A$1.6B respectively. CAR Group's EBIT is A$365.3M making its interest coverage ratio 5.9. It has cash and short-term investments of A$232.6M.
Key information
40.1%
Debt to equity ratio
AU$1.21b
Debt
Interest coverage ratio | 5.9x |
Cash | AU$232.58m |
Equity | AU$3.02b |
Total liabilities | AU$1.59b |
Total assets | AU$4.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WN6's short term assets (A$386.5M) exceed its short term liabilities (A$223.9M).
Long Term Liabilities: WN6's short term assets (A$386.5M) do not cover its long term liabilities (A$1.4B).
Debt to Equity History and Analysis
Debt Level: WN6's net debt to equity ratio (32.4%) is considered satisfactory.
Reducing Debt: WN6's debt to equity ratio has reduced from 180.6% to 40.1% over the past 5 years.
Debt Coverage: WN6's debt is well covered by operating cash flow (32.9%).
Interest Coverage: WN6's interest payments on its debt are well covered by EBIT (5.9x coverage).