Ariadne Australia Balance Sheet Health
Financial Health criteria checks 3/6
Ariadne Australia has a total shareholder equity of A$176.9M and total debt of A$16.4M, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are A$205.8M and A$28.9M respectively. Ariadne Australia's EBIT is A$4.5M making its interest coverage ratio 2. It has cash and short-term investments of A$27.1M.
Key information
9.3%
Debt to equity ratio
AU$16.40m
Debt
| Interest coverage ratio | 2x |
| Cash | AU$27.12m |
| Equity | AU$176.89m |
| Total liabilities | AU$28.94m |
| Total assets | AU$205.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARA's short term assets (A$31.3M) exceed its short term liabilities (A$14.6M).
Long Term Liabilities: ARA's short term assets (A$31.3M) exceed its long term liabilities (A$14.3M).
Debt to Equity History and Analysis
Debt Level: ARA has more cash than its total debt.
Reducing Debt: ARA's debt to equity ratio has increased from 3.2% to 9.3% over the past 5 years.
Debt Coverage: ARA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ARA's interest payments on its debt are not well covered by EBIT (2x coverage).