Michael Hill International Balance Sheet Health
Financial Health criteria checks 4/6
Michael Hill International has a total shareholder equity of A$189.7M and total debt of A$34.4M, which brings its debt-to-equity ratio to 18.1%. Its total assets and total liabilities are A$576.8M and A$387.2M respectively. Michael Hill International's EBIT is A$26.0M making its interest coverage ratio 2.4. It has cash and short-term investments of A$22.8M.
Key information
18.1%
Debt to equity ratio
AU$34.40m
Debt
Interest coverage ratio | 2.4x |
Cash | AU$22.78m |
Equity | AU$189.67m |
Total liabilities | AU$387.17m |
Total assets | AU$576.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MHJ's short term assets (A$270.9M) exceed its short term liabilities (A$168.1M).
Long Term Liabilities: MHJ's short term assets (A$270.9M) exceed its long term liabilities (A$219.1M).
Debt to Equity History and Analysis
Debt Level: MHJ's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: MHJ's debt to equity ratio has increased from 14.3% to 18.1% over the past 5 years.
Debt Coverage: MHJ's debt is well covered by operating cash flow (158.5%).
Interest Coverage: MHJ's interest payments on its debt are not well covered by EBIT (2.4x coverage).