Advanced Braking Technology Balance Sheet Health
Financial Health criteria checks 6/6
Advanced Braking Technology has a total shareholder equity of A$8.9M and total debt of A$286.0K, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are A$12.8M and A$4.0M respectively. Advanced Braking Technology's EBIT is A$1.8M making its interest coverage ratio 15.5. It has cash and short-term investments of A$2.5M.
Key information
3.2%
Debt to equity ratio
AU$286.00k
Debt
| Interest coverage ratio | 15.5x |
| Cash | AU$2.45m |
| Equity | AU$8.87m |
| Total liabilities | AU$3.96m |
| Total assets | AU$12.83m |
Recent financial health updates
No updates
Recent updates
A Piece Of The Puzzle Missing From Advanced Braking Technology Limited's (ASX:ABV) 29% Share Price Climb
Jul 30
Is Now The Time To Put Advanced Braking Technology (ASX:ABV) On Your Watchlist?
Mar 07If EPS Growth Is Important To You, Advanced Braking Technology (ASX:ABV) Presents An Opportunity
Jul 25Does Advanced Braking Technology (ASX:ABV) Deserve A Spot On Your Watchlist?
Mar 03We Ran A Stock Scan For Earnings Growth And Advanced Braking Technology (ASX:ABV) Passed With Ease
Aug 29Here's Why We Think Advanced Braking Technology (ASX:ABV) Is Well Worth Watching
Apr 19With EPS Growth And More, Advanced Braking Technology (ASX:ABV) Is Interesting
Dec 21Advanced Braking Technology Limited's (ASX:ABV) Business Is Yet to Catch Up With Its Share Price
Nov 17Advanced Braking Technology Limited (ASX:ABV) On An Uptrend: Could Fundamentals Be Driving The Stock?
Dec 07Financial Position Analysis
Short Term Liabilities: ABV's short term assets (A$10.6M) exceed its short term liabilities (A$2.9M).
Long Term Liabilities: ABV's short term assets (A$10.6M) exceed its long term liabilities (A$1.1M).
Debt to Equity History and Analysis
Debt Level: ABV has more cash than its total debt.
Reducing Debt: ABV's debt to equity ratio has reduced from 103.8% to 3.2% over the past 5 years.
Debt Coverage: ABV's debt is well covered by operating cash flow (117.1%).
Interest Coverage: ABV's interest payments on its debt are well covered by EBIT (15.5x coverage).