Advanced Braking Technology Balance Sheet Health
Financial Health criteria checks 6/6
Advanced Braking Technology has a total shareholder equity of A$7.9M and total debt of A$111.0K, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are A$10.7M and A$2.8M respectively. Advanced Braking Technology's EBIT is A$1.6M making its interest coverage ratio 16.3. It has cash and short-term investments of A$1.9M.
Key information
1.4%
Debt to equity ratio
AU$111.00k
Debt
Interest coverage ratio | 16.3x |
Cash | AU$1.95m |
Equity | AU$7.85m |
Total liabilities | AU$2.82m |
Total assets | AU$10.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABV's short term assets (A$8.2M) exceed its short term liabilities (A$1.7M).
Long Term Liabilities: ABV's short term assets (A$8.2M) 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 56% to 1.4% over the past 5 years.
Debt Coverage: ABV's debt is well covered by operating cash flow (432.4%).
Interest Coverage: ABV's interest payments on its debt are well covered by EBIT (16.3x coverage).