AVADA Group Balance Sheet Health
Financial Health criteria checks 2/6
AVADA Group has a total shareholder equity of A$57.1M and total debt of A$38.0M, which brings its debt-to-equity ratio to 66.5%. Its total assets and total liabilities are A$132.9M and A$75.8M respectively. AVADA Group's EBIT is A$6.9M making its interest coverage ratio 2.5. It has cash and short-term investments of A$4.3M.
Key information
66.5%
Debt to equity ratio
AU$37.98m
Debt
| Interest coverage ratio | 2.5x |
| Cash | AU$4.30m |
| Equity | AU$57.13m |
| Total liabilities | AU$75.80m |
| Total assets | AU$132.93m |
Financial Position Analysis
Short Term Liabilities: AVD's short term assets (A$32.3M) exceed its short term liabilities (A$27.5M).
Long Term Liabilities: AVD's short term assets (A$32.3M) do not cover its long term liabilities (A$48.3M).
Debt to Equity History and Analysis
Debt Level: AVD's net debt to equity ratio (59%) is considered high.
Reducing Debt: Insufficient data to determine if AVD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: AVD's debt is well covered by operating cash flow (32.6%).
Interest Coverage: AVD's interest payments on its debt are not well covered by EBIT (2.5x coverage).