Tabcorp Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Tabcorp Holdings has a total shareholder equity of A$2.0B and total debt of A$418.7M, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are A$3.2B and A$1.2B respectively. Tabcorp Holdings's EBIT is A$66.0M making its interest coverage ratio 2.8. It has cash and short-term investments of A$313.4M.
Key information
21.0%
Debt to equity ratio
AU$418.70m
Debt
Interest coverage ratio | 2.8x |
Cash | AU$313.40m |
Equity | AU$2.00b |
Total liabilities | AU$1.21b |
Total assets | AU$3.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TABC.F's short term assets (A$591.4M) do not cover its short term liabilities (A$629.8M).
Long Term Liabilities: TABC.F's short term assets (A$591.4M) exceed its long term liabilities (A$582.3M).
Debt to Equity History and Analysis
Debt Level: TABC.F's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: TABC.F's debt to equity ratio has reduced from 52.6% to 21% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TABC.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TABC.F is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2.3% per year.