Adairs Balance Sheet Health
Financial Health criteria checks 3/6
Adairs has a total shareholder equity of A$215.8M and total debt of A$80.0M, which brings its debt-to-equity ratio to 37.1%. Its total assets and total liabilities are A$610.5M and A$394.7M respectively. Adairs's EBIT is A$61.7M making its interest coverage ratio 4.3. It has cash and short-term investments of A$21.4M.
Key information
37.1%
Debt to equity ratio
AU$80.00m
Debt
Interest coverage ratio | 4.3x |
Cash | AU$21.38m |
Equity | AU$215.78m |
Total liabilities | AU$394.67m |
Total assets | AU$610.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1FQ's short term assets (A$116.6M) do not cover its short term liabilities (A$147.8M).
Long Term Liabilities: 1FQ's short term assets (A$116.6M) do not cover its long term liabilities (A$246.8M).
Debt to Equity History and Analysis
Debt Level: 1FQ's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: 1FQ's debt to equity ratio has increased from 21.6% to 37.1% over the past 5 years.
Debt Coverage: 1FQ's debt is well covered by operating cash flow (140.9%).
Interest Coverage: 1FQ's interest payments on its debt are well covered by EBIT (4.3x coverage).