Energy Action Balance Sheet Health
Financial Health criteria checks 4/6
Energy Action has a total shareholder equity of A$2.3M and total debt of A$4.7M, which brings its debt-to-equity ratio to 200.8%. Its total assets and total liabilities are A$10.4M and A$8.1M respectively. Energy Action's EBIT is A$2.4M making its interest coverage ratio 3.5. It has cash and short-term investments of A$1.4M.
Key information
200.8%
Debt to equity ratio
AU$4.69m
Debt
| Interest coverage ratio | 3.5x |
| Cash | AU$1.45m |
| Equity | AU$2.33m |
| Total liabilities | AU$8.11m |
| Total assets | AU$10.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EAX's short term assets (A$6.8M) exceed its short term liabilities (A$4.3M).
Long Term Liabilities: EAX's short term assets (A$6.8M) exceed its long term liabilities (A$3.8M).
Debt to Equity History and Analysis
Debt Level: EAX's net debt to equity ratio (138.8%) is considered high.
Reducing Debt: EAX's debt to equity ratio has increased from 99.9% to 200.8% over the past 5 years.
Debt Coverage: EAX's debt is well covered by operating cash flow (40.1%).
Interest Coverage: EAX's interest payments on its debt are well covered by EBIT (3.5x coverage).