Xero Balance Sheet Health
Financial Health criteria checks 6/6
Xero has a total shareholder equity of NZ$1.4B and total debt of NZ$1.1B, which brings its debt-to-equity ratio to 79.5%. Its total assets and total liabilities are NZ$3.0B and NZ$1.6B respectively. Xero's EBIT is NZ$258.7M making its interest coverage ratio -11.3. It has cash and short-term investments of NZ$1.5B.
Key information
79.5%
Debt to equity ratio
NZ$1.11b
Debt
Interest coverage ratio | -11.3x |
Cash | NZ$1.53b |
Equity | NZ$1.39b |
Total liabilities | NZ$1.56b |
Total assets | NZ$2.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XROL.F's short term assets (NZ$1.7B) exceed its short term liabilities (NZ$264.1M).
Long Term Liabilities: XROL.F's short term assets (NZ$1.7B) exceed its long term liabilities (NZ$1.3B).
Debt to Equity History and Analysis
Debt Level: XROL.F has more cash than its total debt.
Reducing Debt: XROL.F's debt to equity ratio has reduced from 101.3% to 79.5% over the past 5 years.
Debt Coverage: XROL.F's debt is well covered by operating cash flow (53.4%).
Interest Coverage: XROL.F earns more interest than it pays, so coverage of interest payments is not a concern.