AF Legal Group Balance Sheet Health
Financial Health criteria checks 4/6
AF Legal Group has a total shareholder equity of A$10.0M and total debt of A$3.6M, which brings its debt-to-equity ratio to 36%. Its total assets and total liabilities are A$23.7M and A$13.7M respectively. AF Legal Group's EBIT is A$2.0M making its interest coverage ratio 7.6. It has cash and short-term investments of A$2.3M.
Key information
36.0%
Debt to equity ratio
AU$3.59m
Debt
| Interest coverage ratio | 7.6x |
| Cash | AU$2.32m |
| Equity | AU$9.97m |
| Total liabilities | AU$13.74m |
| Total assets | AU$23.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFL's short term assets (A$12.9M) exceed its short term liabilities (A$4.9M).
Long Term Liabilities: AFL's short term assets (A$12.9M) exceed its long term liabilities (A$8.9M).
Debt to Equity History and Analysis
Debt Level: AFL's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: AFL's debt to equity ratio has increased from 3.9% to 36% over the past 5 years.
Debt Coverage: AFL's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: AFL's interest payments on its debt are well covered by EBIT (7.6x coverage).