Cochlear Balance Sheet Health
Financial Health criteria checks 6/6
Cochlear has a total shareholder equity of A$1.8B and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$2.5B and A$748.7M respectively. Cochlear's EBIT is A$471.7M making its interest coverage ratio -46.2. It has cash and short-term investments of A$485.2M.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | -46.2x |
Cash | AU$485.20m |
Equity | AU$1.78b |
Total liabilities | AU$748.70m |
Total assets | AU$2.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHEO.Y's short term assets (A$1.3B) exceed its short term liabilities (A$517.4M).
Long Term Liabilities: CHEO.Y's short term assets (A$1.3B) exceed its long term liabilities (A$231.3M).
Debt to Equity History and Analysis
Debt Level: CHEO.Y is debt free.
Reducing Debt: CHEO.Y has no debt compared to 5 years ago when its debt to equity ratio was 25.2%.
Debt Coverage: CHEO.Y has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CHEO.Y has no debt, therefore coverage of interest payments is not a concern.