AVADA Group Balance Sheet Health
Financial Health criteria checks 1/6
AVADA Group has a total shareholder equity of A$54.5M and total debt of A$41.4M, which brings its debt-to-equity ratio to 76.1%. Its total assets and total liabilities are A$131.5M and A$77.0M respectively. AVADA Group's EBIT is A$6.1M making its interest coverage ratio 2. It has cash and short-term investments of A$8.5M.
Key information
76.1%
Debt to equity ratio
AU$41.44m
Debt
| Interest coverage ratio | 2x |
| Cash | AU$8.50m |
| Equity | AU$54.47m |
| Total liabilities | AU$77.00m |
| Total assets | AU$131.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVD's short term assets (A$40.1M) exceed its short term liabilities (A$30.1M).
Long Term Liabilities: AVD's short term assets (A$40.1M) do not cover its long term liabilities (A$46.9M).
Debt to Equity History and Analysis
Debt Level: AVD's net debt to equity ratio (60.5%) 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 not well covered by operating cash flow (16.2%).
Interest Coverage: AVD's interest payments on its debt are not well covered by EBIT (2x coverage).