Codan Balance Sheet Health
Financial Health criteria checks 5/6
Codan has a total shareholder equity of A$417.7M and total debt of A$106.1M, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are A$740.4M and A$322.7M respectively. Codan's EBIT is A$103.0M making its interest coverage ratio 13.1. It has cash and short-term investments of A$23.6M.
Key information
25.4%
Debt to equity ratio
AU$106.13m
Debt
Interest coverage ratio | 13.1x |
Cash | AU$23.59m |
Equity | AU$417.70m |
Total liabilities | AU$322.73m |
Total assets | AU$740.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CODA.F's short term assets (A$245.4M) exceed its short term liabilities (A$135.7M).
Long Term Liabilities: CODA.F's short term assets (A$245.4M) exceed its long term liabilities (A$187.0M).
Debt to Equity History and Analysis
Debt Level: CODA.F's net debt to equity ratio (19.8%) is considered satisfactory.
Reducing Debt: CODA.F's debt to equity ratio has increased from 0% to 25.4% over the past 5 years.
Debt Coverage: CODA.F's debt is well covered by operating cash flow (95.5%).
Interest Coverage: CODA.F's interest payments on its debt are well covered by EBIT (13.1x coverage).