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$2.7B and A$904.6M respectively. Cochlear's EBIT is A$509.6M making its interest coverage ratio -52. It has cash and short-term investments of A$513.6M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | -52x |
| Cash | AU$513.60m |
| Equity | AU$1.84b |
| Total liabilities | AU$904.60m |
| Total assets | AU$2.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHEO.Y's short term assets (A$1.5B) exceed its short term liabilities (A$631.5M).
Long Term Liabilities: CHEO.Y's short term assets (A$1.5B) exceed its long term liabilities (A$273.1M).
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%.
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.