Ashley Services Group Balance Sheet Health
Financial Health criteria checks 5/6
Ashley Services Group has a total shareholder equity of A$31.2M and total debt of A$16.5M, which brings its debt-to-equity ratio to 52.7%. Its total assets and total liabilities are A$101.4M and A$70.2M respectively. Ashley Services Group's EBIT is A$14.6M making its interest coverage ratio 10.9. It has cash and short-term investments of A$844.0K.
Key information
52.7%
Debt to equity ratio
AU$16.46m
Debt
| Interest coverage ratio | 10.9x |
| Cash | AU$844.00k |
| Equity | AU$31.23m |
| Total liabilities | AU$70.15m |
| Total assets | AU$101.38m |
Recent financial health updates
Ashley Services Group (ASX:ASH) Seems To Use Debt Quite Sensibly
Mar 07
Here's Why Ashley Services Group (ASX:ASH) Can Manage Its Debt Responsibly
May 22Recent updates
Ashley Services Group Limited (ASX:ASH) Might Not Be As Mispriced As It Looks After Plunging 32%
Feb 27Not Many Are Piling Into Ashley Services Group Limited (ASX:ASH) Just Yet
Dec 21Ashley Services Group (ASX:ASH) Has Announced A Dividend Of A$0.03
Aug 30Ashley Services Group (ASX:ASH) Seems To Use Debt Quite Sensibly
Mar 07With EPS Growth And More, Ashley Services Group (ASX:ASH) Makes An Interesting Case
Dec 05Ashley Services Group (ASX:ASH) Has Announced That It Will Be Increasing Its Dividend To A$0.03
Jul 31Ashley Services Group Limited's (ASX:ASH) CEO Looks Like They Deserve Their Pay Packet
Oct 28Ashley Services Group's (ASX:ASH) Dividend Will Be Reduced To AU$0.024
Aug 31Ashley Services Group's (ASX:ASH) Shareholders Will Receive A Smaller Dividend Than Last Year
Aug 03Estimating The Fair Value Of Ashley Services Group Limited (ASX:ASH)
Jul 29Here's Why Ashley Services Group (ASX:ASH) Can Manage Its Debt Responsibly
May 22Estimating The Fair Value Of Ashley Services Group Limited (ASX:ASH)
Apr 08How Does Ashley Services Group Limited (ASX:ASH) Fare As A Dividend Stock?
Mar 18Read This Before Considering Ashley Services Group Limited (ASX:ASH) For Its Upcoming AU$0.018 Dividend
Feb 25Did You Participate In Any Of Ashley Services Group's (ASX:ASH) Fantastic 240% Return ?
Feb 14Here's Why We Think Ashley Services Group's (ASX:ASH) Statutory Earnings Might Be Conservative
Jan 27
How Much Is Ashley Services Group Limited (ASX:ASH) Paying Its CEO?
Jan 06Is Ashley Services Group Limited (ASX:ASH) An Attractive Dividend Stock?
Dec 16Is Ashley Services Group Limited's (ASX:ASH) Latest Stock Performance A Reflection Of Its Financial Health?
Nov 19Ashley Services Group Limited's (ASX:ASH) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Jul 19Financial Position Analysis
Short Term Liabilities: ASH's short term assets (A$63.4M) exceed its short term liabilities (A$60.8M).
Long Term Liabilities: ASH's short term assets (A$63.4M) exceed its long term liabilities (A$9.4M).
Debt to Equity History and Analysis
Debt Level: ASH's net debt to equity ratio (50%) is considered high.
Reducing Debt: ASH had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: ASH's debt is well covered by operating cash flow (88.5%).
Interest Coverage: ASH's interest payments on its debt are well covered by EBIT (10.9x coverage).