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 ratio | 6.3x |
Cash | AU$309.59m |
Equity | AU$2.94b |
Total liabilities | AU$1.73b |
Total assets | AU$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).