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
Financial 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).