IDP Education Balance Sheet Health
Financial Health criteria checks 6/6
IDP Education has a total shareholder equity of A$517.4M and total debt of A$209.0M, which brings its debt-to-equity ratio to 40.4%. Its total assets and total liabilities are A$1.2B and A$716.0M respectively. IDP Education's EBIT is A$220.6M making its interest coverage ratio 19. It has cash and short-term investments of A$166.6M.
Key information
40.4%
Debt to equity ratio
AU$209.00m
Debt
Interest coverage ratio | 19x |
Cash | AU$166.63m |
Equity | AU$517.44m |
Total liabilities | AU$716.03m |
Total assets | AU$1.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IEL N's short term assets (A$473.9M) exceed its short term liabilities (A$351.3M).
Long Term Liabilities: IEL N's short term assets (A$473.9M) exceed its long term liabilities (A$364.7M).
Debt to Equity History and Analysis
Debt Level: IEL N's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: IEL N's debt to equity ratio has reduced from 63.1% to 40.4% over the past 5 years.
Debt Coverage: IEL N's debt is well covered by operating cash flow (81.5%).
Interest Coverage: IEL N's interest payments on its debt are well covered by EBIT (19x coverage).