Kingsgate Consolidated Balance Sheet Health
Financial Health criteria checks 4/6
Kingsgate Consolidated has a total shareholder equity of A$33.5M and total debt of A$38.6M, which brings its debt-to-equity ratio to 115.4%. Its total assets and total liabilities are A$142.3M and A$108.8M respectively. Kingsgate Consolidated's EBIT is A$22.5M making its interest coverage ratio 4.7. It has cash and short-term investments of A$9.8M.
Key information
115.4%
Debt to equity ratio
AU$38.63m
Debt
Interest coverage ratio | 4.7x |
Cash | AU$9.76m |
Equity | AU$33.48m |
Total liabilities | AU$108.78m |
Total assets | AU$142.26m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KSKG.F's short term assets (A$72.8M) exceed its short term liabilities (A$58.2M).
Long Term Liabilities: KSKG.F's short term assets (A$72.8M) exceed its long term liabilities (A$50.6M).
Debt to Equity History and Analysis
Debt Level: KSKG.F's net debt to equity ratio (86.3%) is considered high.
Reducing Debt: KSKG.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: KSKG.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KSKG.F's interest payments on its debt are well covered by EBIT (4.7x coverage).