Xero Balance Sheet Health
Financial Health criteria checks 6/6
Xero has a total shareholder equity of NZ$1.2B and total debt of NZ$1.1B, which brings its debt-to-equity ratio to 91.4%. Its total assets and total liabilities are NZ$2.6B and NZ$1.5B respectively. Xero's EBIT is NZ$140.8M making its interest coverage ratio -19.7. It has cash and short-term investments of NZ$1.3B.
Key information
91.4%
Debt to equity ratio
NZ$1.08b
Debt
| Interest coverage ratio | -19.7x |
| Cash | NZ$1.26b |
| Equity | NZ$1.18b |
| Total liabilities | NZ$1.46b |
| Total assets | NZ$2.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0XE's short term assets (NZ$1.4B) exceed its short term liabilities (NZ$228.5M).
Long Term Liabilities: 0XE's short term assets (NZ$1.4B) exceed its long term liabilities (NZ$1.2B).
Debt to Equity History and Analysis
Debt Level: 0XE has more cash than its total debt.
Reducing Debt: 0XE's debt to equity ratio has reduced from 118.6% to 91.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 0XE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0XE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 52.7% per year.