Codan Balance Sheet Health
Financial Health criteria checks 5/6
Codan has a total shareholder equity of A$446.9M and total debt of A$95.1M, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are A$768.7M and A$321.8M respectively. Codan's EBIT is A$114.4M making its interest coverage ratio 12.1. It has cash and short-term investments of A$19.7M.
Key information
21.3%
Debt to equity ratio
AU$95.13m
Debt
| Interest coverage ratio | 12.1x |
| Cash | AU$19.70m |
| Equity | AU$446.93m |
| Total liabilities | AU$321.78m |
| Total assets | AU$768.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CODA.F's short term assets (A$258.9M) exceed its short term liabilities (A$155.4M).
Long Term Liabilities: CODA.F's short term assets (A$258.9M) exceed its long term liabilities (A$166.4M).
Debt to Equity History and Analysis
Debt Level: CODA.F's net debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: CODA.F's debt to equity ratio has increased from 0% to 21.3% over the past 5 years.
Debt Coverage: CODA.F's debt is well covered by operating cash flow (111.9%).
Interest Coverage: CODA.F's interest payments on its debt are well covered by EBIT (12.1x coverage).