Harvey Norman Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Harvey Norman Holdings has a total shareholder equity of A$4.5B and total debt of A$840.8M, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are A$7.9B and A$3.3B respectively. Harvey Norman Holdings's EBIT is A$674.2M making its interest coverage ratio 13.1. It has cash and short-term investments of A$344.4M.
Key information
18.6%
Debt to equity ratio
AU$840.76m
Debt
Interest coverage ratio | 13.1x |
Cash | AU$344.39m |
Equity | AU$4.51b |
Total liabilities | AU$3.35b |
Total assets | AU$7.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HNOR.Y's short term assets (A$1.9B) exceed its short term liabilities (A$875.2M).
Long Term Liabilities: HNOR.Y's short term assets (A$1.9B) do not cover its long term liabilities (A$2.5B).
Debt to Equity History and Analysis
Debt Level: HNOR.Y's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: HNOR.Y's debt to equity ratio has reduced from 26.3% to 18.6% over the past 5 years.
Debt Coverage: HNOR.Y's debt is well covered by operating cash flow (99.5%).
Interest Coverage: HNOR.Y's interest payments on its debt are well covered by EBIT (13.1x coverage).