Coventry Group Balance Sheet Health
Financial Health criteria checks 4/6
Coventry Group has a total shareholder equity of A$112.7M and total debt of A$40.7M, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are A$276.0M and A$163.4M respectively. Coventry Group's EBIT is A$11.0M making its interest coverage ratio 2.2. It has cash and short-term investments of A$5.9M.
Key information
36.1%
Debt to equity ratio
AU$40.67m
Debt
Interest coverage ratio | 2.2x |
Cash | AU$5.89m |
Equity | AU$112.67m |
Total liabilities | AU$163.37m |
Total assets | AU$276.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVTY.F's short term assets (A$137.0M) exceed its short term liabilities (A$110.4M).
Long Term Liabilities: CVTY.F's short term assets (A$137.0M) exceed its long term liabilities (A$53.0M).
Debt to Equity History and Analysis
Debt Level: CVTY.F's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: CVTY.F's debt to equity ratio has increased from 0% to 36.1% over the past 5 years.
Debt Coverage: CVTY.F's debt is well covered by operating cash flow (52.1%).
Interest Coverage: CVTY.F's interest payments on its debt are not well covered by EBIT (2.2x coverage).