Xero Balance Sheet Health
Financial Health criteria checks 5/6
Xero has a total shareholder equity of NZ$1.1B and total debt of NZ$1.0B, which brings its debt-to-equity ratio to 96.8%. Its total assets and total liabilities are NZ$2.5B and NZ$1.4B respectively. Xero's EBIT is NZ$92.0M making its interest coverage ratio 6.7. It has cash and short-term investments of NZ$1.1B.
Key information
96.8%
Debt to equity ratio
NZ$1.02b
Debt
Interest coverage ratio | 6.7x |
Cash | NZ$1.12b |
Equity | NZ$1.05b |
Total liabilities | NZ$1.44b |
Total assets | NZ$2.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0XE0's short term assets (NZ$1.3B) exceed its short term liabilities (NZ$255.1M).
Long Term Liabilities: 0XE0's short term assets (NZ$1.3B) exceed its long term liabilities (NZ$1.2B).
Debt to Equity History and Analysis
Debt Level: 0XE0 has more cash than its total debt.
Reducing Debt: 0XE0's debt to equity ratio has increased from 0% to 96.8% 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 0XE0 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0XE0 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50.8% per year.