Smartgroup Balance Sheet Health
Financial Health criteria checks 4/6
Smartgroup has a total shareholder equity of A$243.8M and total debt of A$64.7M, which brings its debt-to-equity ratio to 26.5%. Its total assets and total liabilities are A$417.5M and A$173.7M respectively. Smartgroup's EBIT is A$90.8M making its interest coverage ratio 30.2. It has cash and short-term investments of A$32.8M.
Key information
26.5%
Debt to equity ratio
AU$64.69m
Debt
Interest coverage ratio | 30.2x |
Cash | AU$32.79m |
Equity | AU$243.82m |
Total liabilities | AU$173.71m |
Total assets | AU$417.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STGX.F's short term assets (A$98.0M) do not cover its short term liabilities (A$104.6M).
Long Term Liabilities: STGX.F's short term assets (A$98.0M) exceed its long term liabilities (A$69.1M).
Debt to Equity History and Analysis
Debt Level: STGX.F's net debt to equity ratio (13.1%) is considered satisfactory.
Reducing Debt: STGX.F's debt to equity ratio has increased from 18.1% to 26.5% over the past 5 years.
Debt Coverage: STGX.F's debt is well covered by operating cash flow (103.9%).
Interest Coverage: STGX.F's interest payments on its debt are well covered by EBIT (30.2x coverage).