Aquirian Balance Sheet Health
Financial Health criteria checks 4/6
Aquirian has a total shareholder equity of A$12.4M and total debt of A$5.2M, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are A$24.2M and A$11.8M respectively. Aquirian's EBIT is A$889.3K making its interest coverage ratio 2.7. It has cash and short-term investments of A$4.5M.
Key information
42.0%
Debt to equity ratio
AU$5.21m
Debt
| Interest coverage ratio | 2.7x |
| Cash | AU$4.46m |
| Equity | AU$12.40m |
| Total liabilities | AU$11.80m |
| Total assets | AU$24.20m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: AQN's short term assets (A$9.9M) exceed its short term liabilities (A$5.5M).
Long Term Liabilities: AQN's short term assets (A$9.9M) exceed its long term liabilities (A$6.3M).
Debt to Equity History and Analysis
Debt Level: AQN's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if AQN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: AQN's debt is well covered by operating cash flow (76.5%).
Interest Coverage: AQN's interest payments on its debt are not well covered by EBIT (2.7x coverage).