Orica Balance Sheet Health
Financial Health criteria checks 5/6
Orica has a total shareholder equity of A$4.5B and total debt of A$2.2B, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are A$9.6B and A$5.1B respectively. Orica's EBIT is A$708.7M making its interest coverage ratio 4.3. It has cash and short-term investments of A$580.7M.
Key information
48.3%
Debt to equity ratio
AU$2.20b
Debt
| Interest coverage ratio | 4.3x |
| Cash | AU$580.70m |
| Equity | AU$4.55b |
| Total liabilities | AU$5.05b |
| Total assets | AU$9.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OCLD.Y's short term assets (A$2.5B) exceed its short term liabilities (A$2.1B).
Long Term Liabilities: OCLD.Y's short term assets (A$2.5B) do not cover its long term liabilities (A$2.9B).
Debt to Equity History and Analysis
Debt Level: OCLD.Y's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: OCLD.Y's debt to equity ratio has reduced from 67.2% to 48.3% over the past 5 years.
Debt Coverage: OCLD.Y's debt is well covered by operating cash flow (36.7%).
Interest Coverage: OCLD.Y's interest payments on its debt are well covered by EBIT (4.3x coverage).