AJ Lucas Group Balance Sheet Health
Financial Health criteria checks 2/6
AJ Lucas Group has a total shareholder equity of A$-57.8M and total debt of A$122.9M, which brings its debt-to-equity ratio to -212.6%. Its total assets and total liabilities are A$108.3M and A$166.2M respectively. AJ Lucas Group's EBIT is A$21.9M making its interest coverage ratio 1.1. It has cash and short-term investments of A$15.3M.
Key information
-212.6%
Debt to equity ratio
AU$122.94m
Debt
| Interest coverage ratio | 1.1x |
| Cash | AU$15.31m |
| Equity | -AU$57.84m |
| Total liabilities | AU$166.16m |
| Total assets | AU$108.32m |
Recent financial health updates
AJ Lucas Group (ASX:AJL) Use Of Debt Could Be Considered Risky
Apr 03
AJ Lucas Group (ASX:AJL) Seems To Be Using A Lot Of Debt
Nov 30Auditors Have Doubts About AJ Lucas Group (ASX:AJL)
Aug 30These 4 Measures Indicate That AJ Lucas Group (ASX:AJL) Is Using Debt Extensively
Jun 20Does AJ Lucas Group (ASX:AJL) Have A Healthy Balance Sheet?
Mar 02Recent updates
We Like AJ Lucas Group's (ASX:AJL) Returns And Here's How They're Trending
Jul 19Why We Like The Returns At AJ Lucas Group (ASX:AJL)
Apr 05AJ Lucas Group Limited's (ASX:AJL) Price Is Out Of Tune With Revenues
Dec 21Returns on Capital Paint A Bright Future For AJ Lucas Group (ASX:AJL)
Oct 24Investor Optimism Abounds AJ Lucas Group Limited (ASX:AJL) But Growth Is Lacking
Aug 11A Look At The Intrinsic Value Of AJ Lucas Group Limited (ASX:AJL)
Jun 20It's Probably Less Likely That AJ Lucas Group Limited's (ASX:AJL) CEO Will See A Huge Pay Rise This Year
Nov 03Investors Will Want AJ Lucas Group's (ASX:AJL) Growth In ROCE To Persist
Jun 19AJ Lucas Group (ASX:AJL) Use Of Debt Could Be Considered Risky
Apr 03AJ Lucas Group (ASX:AJL) Shareholders Will Want The ROCE Trajectory To Continue
Feb 27AJ Lucas Group (ASX:AJL) Seems To Be Using A Lot Of Debt
Nov 30Auditors Have Doubts About AJ Lucas Group (ASX:AJL)
Aug 30AJ Lucas Group (ASX:AJL) Shareholders Will Want The ROCE Trajectory To Continue
Aug 30These 4 Measures Indicate That AJ Lucas Group (ASX:AJL) Is Using Debt Extensively
Jun 20AJ Lucas Group's (ASX:AJL) Returns On Capital Are Heading Higher
Apr 28We Think AJ Lucas Group's (ASX:AJL) Healthy Earnings Might Be Conservative
Mar 07Does AJ Lucas Group (ASX:AJL) Have A Healthy Balance Sheet?
Mar 02Will The ROCE Trend At AJ Lucas Group (ASX:AJL) Continue?
Nov 28Financial Position Analysis
Short Term Liabilities: AJL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AJL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AJL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AJL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable AJL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AJL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51.5% per year.