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
No updates
Recent updates
Financial 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).