Elders Balance Sheet Health
Financial Health criteria checks 3/6
Elders has a total shareholder equity of A$845.2M and total debt of A$477.0M, which brings its debt-to-equity ratio to 56.4%. Its total assets and total liabilities are A$2.3B and A$1.5B respectively. Elders's EBIT is A$113.6M making its interest coverage ratio 3.7. It has cash and short-term investments of A$40.2M.
Key information
56.4%
Debt to equity ratio
AU$477.00m
Debt
| Interest coverage ratio | 3.7x |
| Cash | AU$40.21m |
| Equity | AU$845.19m |
| Total liabilities | AU$1.48b |
| Total assets | AU$2.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EDES.Y's short term assets (A$1.4B) exceed its short term liabilities (A$1.1B).
Long Term Liabilities: EDES.Y's short term assets (A$1.4B) exceed its long term liabilities (A$404.6M).
Debt to Equity History and Analysis
Debt Level: EDES.Y's net debt to equity ratio (51.7%) is considered high.
Reducing Debt: EDES.Y's debt to equity ratio has increased from 20.3% to 56.4% over the past 5 years.
Debt Coverage: EDES.Y's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: EDES.Y's interest payments on its debt are well covered by EBIT (3.7x coverage).