Austal Balance Sheet Health
Financial Health criteria checks 5/6
Austal has a total shareholder equity of A$934.8M and total debt of A$127.0M, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are A$1.9B and A$967.7M respectively. Austal's EBIT is A$2.4M making its interest coverage ratio 0.2. It has cash and short-term investments of A$155.1M.
Key information
13.6%
Debt to equity ratio
AU$126.99m
Debt
Interest coverage ratio | 0.2x |
Cash | AU$155.12m |
Equity | AU$934.76m |
Total liabilities | AU$967.67m |
Total assets | AU$1.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASB's short term assets (A$676.8M) exceed its short term liabilities (A$541.8M).
Long Term Liabilities: ASB's short term assets (A$676.8M) exceed its long term liabilities (A$425.8M).
Debt to Equity History and Analysis
Debt Level: ASB has more cash than its total debt.
Reducing Debt: ASB's debt to equity ratio has reduced from 29.8% to 13.6% over the past 5 years.
Debt Coverage: ASB's debt is well covered by operating cash flow (101.1%).
Interest Coverage: ASB's interest payments on its debt are not well covered by EBIT (0.2x coverage).