Australian Foundation Investment Balance Sheet Health
Financial Health criteria checks 4/6
Australian Foundation Investment has a total shareholder equity of A$7.3B and total debt of A$10.0M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are A$8.6B and A$1.3B respectively. Australian Foundation Investment's EBIT is A$391.5M making its interest coverage ratio 370.7. It has cash and short-term investments of A$128.3M.
Key information
0.1%
Debt to equity ratio
AU$10.00m
Debt
| Interest coverage ratio | 370.7x |
| Cash | AU$128.26m |
| Equity | AU$7.27b |
| Total liabilities | AU$1.30b |
| Total assets | AU$8.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFOV.F's short term assets (A$139.0M) exceed its short term liabilities (A$31.1M).
Long Term Liabilities: AFOV.F's short term assets (A$139.0M) do not cover its long term liabilities (A$1.3B).
Debt to Equity History and Analysis
Debt Level: AFOV.F has more cash than its total debt.
Reducing Debt: AFOV.F's debt to equity ratio has increased from 0% to 0.1% over the past 5 years.
Debt Coverage: AFOV.F's debt is well covered by operating cash flow (3071%).
Interest Coverage: AFOV.F's interest payments on its debt are well covered by EBIT (370.7x coverage).