Acrow Balance Sheet Health
Financial Health criteria checks 3/6
Acrow has a total shareholder equity of A$141.0M and total debt of A$74.2M, which brings its debt-to-equity ratio to 52.7%. Its total assets and total liabilities are A$312.4M and A$171.5M respectively. Acrow's EBIT is A$34.2M making its interest coverage ratio 4.5. It has cash and short-term investments of A$5.6M.
Key information
52.7%
Debt to equity ratio
AU$74.23m
Debt
| Interest coverage ratio | 4.5x |
| Cash | AU$5.59m |
| Equity | AU$140.96m |
| Total liabilities | AU$171.49m |
| Total assets | AU$312.45m |
Recent financial health updates
Recent updates
Acrow (ASX:ACF) Has A Pretty Healthy Balance Sheet
Oct 01
Increases to Acrow Formwork and Construction Services Limited's (ASX:ACF) CEO Compensation Might Cool off for now
Nov 08It Looks Like Shareholders Would Probably Approve Acrow Formwork and Construction Services Limited's (ASX:ACF) CEO Compensation Package
Nov 08Here's Why Acrow Formwork and Construction Services (ASX:ACF) Has Caught The Eye Of Investors
Aug 26Financial Position Analysis
Short Term Liabilities: ACF's short term assets (A$77.8M) exceed its short term liabilities (A$64.0M).
Long Term Liabilities: ACF's short term assets (A$77.8M) do not cover its long term liabilities (A$107.5M).
Debt to Equity History and Analysis
Debt Level: ACF's net debt to equity ratio (48.7%) is considered high.
Reducing Debt: ACF's debt to equity ratio has increased from 14.6% to 52.7% over the past 5 years.
Debt Coverage: ACF's debt is well covered by operating cash flow (43.8%).
Interest Coverage: ACF's interest payments on its debt are well covered by EBIT (4.5x coverage).