Adrad Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Adrad Holdings has a total shareholder equity of A$119.3M and total debt of A$1.3M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are A$190.2M and A$71.0M respectively. Adrad Holdings's EBIT is A$13.1M making its interest coverage ratio 11.5. It has cash and short-term investments of A$17.9M.
Key information
1.1%
Debt to equity ratio
AU$1.35m
Debt
| Interest coverage ratio | 11.5x |
| Cash | AU$17.86m |
| Equity | AU$119.26m |
| Total liabilities | AU$70.97m |
| Total assets | AU$190.23m |
Financial Position Analysis
Short Term Liabilities: AHL's short term assets (A$86.5M) exceed its short term liabilities (A$24.2M).
Long Term Liabilities: AHL's short term assets (A$86.5M) exceed its long term liabilities (A$46.7M).
Debt to Equity History and Analysis
Debt Level: AHL has more cash than its total debt.
Reducing Debt: Insufficient data to determine if AHL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: AHL's debt is well covered by operating cash flow (1043.2%).
Interest Coverage: AHL's interest payments on its debt are well covered by EBIT (11.5x coverage).