Metcash Balance Sheet Health
Financial Health criteria checks 5/6
Metcash has a total shareholder equity of A$1.5B and total debt of A$349.2M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are A$5.8B and A$4.3B respectively. Metcash's EBIT is A$457.5M making its interest coverage ratio 5.9. It has cash and short-term investments of A$97.3M.
Key information
22.8%
Debt to equity ratio
AU$349.20m
Debt
| Interest coverage ratio | 5.9x |
| Cash | AU$97.30m |
| Equity | AU$1.53b |
| Total liabilities | AU$4.27b |
| Total assets | AU$5.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCSH.F's short term assets (A$3.3B) exceed its short term liabilities (A$2.9B).
Long Term Liabilities: MCSH.F's short term assets (A$3.3B) exceed its long term liabilities (A$1.4B).
Debt to Equity History and Analysis
Debt Level: MCSH.F's net debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: MCSH.F's debt to equity ratio has increased from 14.2% to 22.8% over the past 5 years.
Debt Coverage: MCSH.F's debt is well covered by operating cash flow (138.2%).
Interest Coverage: MCSH.F's interest payments on its debt are well covered by EBIT (5.9x coverage).