Austin Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Austin Engineering has a total shareholder equity of A$118.6M and total debt of A$39.4M, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are A$254.0M and A$135.4M respectively. Austin Engineering's EBIT is A$21.9M making its interest coverage ratio 6.6. It has cash and short-term investments of A$21.0M.
Key information
33.2%
Debt to equity ratio
AU$39.39m
Debt
Interest coverage ratio | 6.6x |
Cash | AU$20.99m |
Equity | AU$118.59m |
Total liabilities | AU$135.38m |
Total assets | AU$253.97m |
Recent financial health updates
These 4 Measures Indicate That Austin Engineering (ASX:ANG) Is Using Debt Reasonably Well
May 04Does Austin Engineering (ASX:ANG) Have A Healthy Balance Sheet?
Jun 16Is Austin Engineering (ASX:ANG) A Risky Investment?
Dec 24Recent updates
Do Austin Engineering's (ASX:ANG) Earnings Warrant Your Attention?
Mar 11Austin Engineering Limited's (ASX:ANG) P/E Is Still On The Mark Following 28% Share Price Bounce
Feb 08Austin Engineering Limited's (ASX:ANG) Popularity With Investors Is Clear
Dec 17These 4 Measures Indicate That Austin Engineering (ASX:ANG) Is Using Debt Reasonably Well
May 04Austin Engineering (ASX:ANG) Is Doing The Right Things To Multiply Its Share Price
Aug 04Does Austin Engineering (ASX:ANG) Have A Healthy Balance Sheet?
Jun 16Is Austin Engineering (ASX:ANG) A Risky Investment?
Dec 24What Does Austin Engineering Limited's (ASX:ANG) Share Price Indicate?
Feb 15How Much Is Austin Engineering Limited (ASX:ANG) CEO Getting Paid?
Jan 31Should You Use Austin Engineering's (ASX:ANG) Statutory Earnings To Analyse It?
Jan 16Austin Engineering (ASX:ANG) Share Prices Have Dropped 38% In The Last Three Years
Dec 21Do Its Financials Have Any Role To Play In Driving Austin Engineering Limited's (ASX:ANG) Stock Up Recently?
Dec 08Will the Promising Trends At Austin Engineering (ASX:ANG) Continue?
Nov 25Austin Engineering Limited's (ASX:ANG) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Aug 28Are Investors Undervaluing Austin Engineering Limited (ASX:ANG) By 42%?
Aug 02Will The ROCE Trend At Austin Engineering (ASX:ANG) Continue?
Jun 28Financial Position Analysis
Short Term Liabilities: ANG's short term assets (A$150.0M) exceed its short term liabilities (A$122.8M).
Long Term Liabilities: ANG's short term assets (A$150.0M) exceed its long term liabilities (A$12.6M).
Debt to Equity History and Analysis
Debt Level: ANG's net debt to equity ratio (15.5%) is considered satisfactory.
Reducing Debt: ANG's debt to equity ratio has increased from 28.7% to 33.2% over the past 5 years.
Debt Coverage: ANG's debt is well covered by operating cash flow (23.9%).
Interest Coverage: ANG's interest payments on its debt are well covered by EBIT (6.6x coverage).