Elders Balance Sheet Health
Financial Health criteria checks 5/6
Elders has a total shareholder equity of A$833.1M and total debt of A$394.3M, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are A$2.3B and A$1.5B respectively. Elders's EBIT is A$111.3M making its interest coverage ratio 3.9. It has cash and short-term investments of A$38.0M.
Key information
47.3%
Debt to equity ratio
AU$394.34m
Debt
Interest coverage ratio | 3.9x |
Cash | AU$38.05m |
Equity | AU$833.11m |
Total liabilities | AU$1.48b |
Total assets | AU$2.31b |
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$1.3B).
Long Term Liabilities: EDES.Y's short term assets (A$1.4B) exceed its long term liabilities (A$191.4M).
Debt to Equity History and Analysis
Debt Level: EDES.Y's net debt to equity ratio (42.8%) is considered high.
Reducing Debt: EDES.Y's debt to equity ratio has reduced from 63.1% to 47.3% over the past 5 years.
Debt Coverage: EDES.Y's debt is well covered by operating cash flow (77.3%).
Interest Coverage: EDES.Y's interest payments on its debt are well covered by EBIT (3.9x coverage).