Energy Action Balance Sheet Health
Financial Health criteria checks 2/6
Energy Action has a total shareholder equity of A$403.5K and total debt of A$6.5M, which brings its debt-to-equity ratio to 1615%. Its total assets and total liabilities are A$10.6M and A$10.2M respectively. Energy Action's EBIT is A$1.7M making its interest coverage ratio 2.2. It has cash and short-term investments of A$1.1M.
Key information
1,615.0%
Debt to equity ratio
AU$6.52m
Debt
| Interest coverage ratio | 2.2x |
| Cash | AU$1.07m |
| Equity | AU$403.52k |
| Total liabilities | AU$10.23m |
| Total assets | AU$10.63m |
Recent financial health updates
Energy Action (ASX:EAX) Takes On Some Risk With Its Use Of Debt
Mar 21
Energy Action (ASX:EAX) Is Making Moderate Use Of Debt
Apr 13Is Energy Action (ASX:EAX) A Risky Investment?
Nov 03Recent updates
Energy Action (ASX:EAX) Takes On Some Risk With Its Use Of Debt
Mar 21Energy Action (ASX:EAX) Is Making Moderate Use Of Debt
Apr 13Is Energy Action (ASX:EAX) A Risky Investment?
Nov 03Estimating The Fair Value Of Energy Action Limited (ASX:EAX)
Jan 17Who Has Been Buying Energy Action Limited (ASX:EAX) Shares?
Nov 23
Calculating The Fair Value Of Energy Action Limited (ASX:EAX)
Jul 06Financial Position Analysis
Short Term Liabilities: EAX's short term assets (A$6.4M) do not cover its short term liabilities (A$8.2M).
Long Term Liabilities: EAX's short term assets (A$6.4M) exceed its long term liabilities (A$2.0M).
Debt to Equity History and Analysis
Debt Level: EAX's net debt to equity ratio (1350.8%) is considered high.
Reducing Debt: EAX's debt to equity ratio has increased from 70.3% to 1615% over the past 5 years.
Debt Coverage: EAX's debt is well covered by operating cash flow (20.8%).
Interest Coverage: EAX's interest payments on its debt are not well covered by EBIT (2.2x coverage).