CAR Group Balance Sheet Health

Financial Health criteria checks 5/6

CAR Group has a total shareholder equity of A$2.9B and total debt of A$1.3B, which brings its debt-to-equity ratio to 44.2%. Its total assets and total liabilities are A$4.7B and A$1.7B respectively. CAR Group's EBIT is A$413.1M making its interest coverage ratio 6.3. It has cash and short-term investments of A$309.6M.

Key information

44.2%

Debt to equity ratio

AU$1.30b

Debt

Interest coverage ratio6.3x
CashAU$309.59m
EquityAU$2.94b
Total liabilitiesAU$1.73b
Total assetsAU$4.67b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: WN61's short term assets (A$478.9M) exceed its short term liabilities (A$243.0M).

Long Term Liabilities: WN61's short term assets (A$478.9M) do not cover its long term liabilities (A$1.5B).


Debt to Equity History and Analysis

Debt Level: WN61's net debt to equity ratio (33.7%) is considered satisfactory.

Reducing Debt: WN61's debt to equity ratio has reduced from 156.4% to 44.2% over the past 5 years.

Debt Coverage: WN61's debt is well covered by operating cash flow (35.3%).

Interest Coverage: WN61's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


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