Sonic Healthcare Balance Sheet Health
Financial Health criteria checks 4/6
Sonic Healthcare has a total shareholder equity of A$7.9B and total debt of A$2.5B, which brings its debt-to-equity ratio to 32.2%. Its total assets and total liabilities are A$13.8B and A$5.9B respectively. Sonic Healthcare's EBIT is A$805.6M making its interest coverage ratio 7.3. It has cash and short-term investments of A$619.6M.
Key information
32.2%
Debt to equity ratio
AU$2.55b
Debt
Interest coverage ratio | 7.3x |
Cash | AU$619.61m |
Equity | AU$7.90b |
Total liabilities | AU$5.87b |
Total assets | AU$13.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKHC.F's short term assets (A$2.0B) do not cover its short term liabilities (A$2.2B).
Long Term Liabilities: SKHC.F's short term assets (A$2.0B) do not cover its long term liabilities (A$3.7B).
Debt to Equity History and Analysis
Debt Level: SKHC.F's net debt to equity ratio (24.4%) is considered satisfactory.
Reducing Debt: SKHC.F's debt to equity ratio has reduced from 54.7% to 32.2% over the past 5 years.
Debt Coverage: SKHC.F's debt is well covered by operating cash flow (44.7%).
Interest Coverage: SKHC.F's interest payments on its debt are well covered by EBIT (7.3x coverage).