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
No updates
Recent updates
Financial 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).