Atlas Pearls Balance Sheet Health
Financial Health criteria checks 6/6
Atlas Pearls has a total shareholder equity of A$51.8M and total debt of A$314.7K, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are A$63.0M and A$11.2M respectively. Atlas Pearls's EBIT is A$21.8M making its interest coverage ratio 1653.7. It has cash and short-term investments of A$20.8M.
Key information
0.6%
Debt to equity ratio
AU$314.68k
Debt
| Interest coverage ratio | 1653.7x |
| Cash | AU$20.83m |
| Equity | AU$51.79m |
| Total liabilities | AU$11.16m |
| Total assets | AU$62.95m |
Recent financial health updates
Atlas Pearls (ASX:ATP) Seems To Use Debt Quite Sensibly
Apr 06
We Think Atlas Pearls (ASX:ATP) Can Stay On Top Of Its Debt
Nov 02Does Atlas Pearls (ASX:ATP) Have A Healthy Balance Sheet?
Jun 13Is Atlas Pearls (ASX:ATP) Using Debt In A Risky Way?
Feb 28Recent updates
Is Now The Time To Put Atlas Pearls (ASX:ATP) On Your Watchlist?
Jun 21Atlas Pearls (ASX:ATP) Is Very Good At Capital Allocation
May 03Investors Interested In Atlas Pearls Limited's (ASX:ATP) Revenues
Apr 09Here's Why We Think Atlas Pearls (ASX:ATP) Might Deserve Your Attention Today
Jan 24Why The 26% Return On Capital At Atlas Pearls (ASX:ATP) Should Have Your Attention
Dec 01Does Atlas Pearls (ASX:ATP) Deserve A Spot On Your Watchlist?
Oct 25Investors Shouldn't Overlook Atlas Pearls' (ASX:ATP) Impressive Returns On Capital
Sep 01Returns On Capital Are Showing Encouraging Signs At Atlas Pearls (ASX:ATP)
Jun 02Atlas Pearls (ASX:ATP) Is Looking To Continue Growing Its Returns On Capital
Dec 09Returns On Capital Are Showing Encouraging Signs At Atlas Pearls (ASX:ATP)
Sep 08Shareholders Would Enjoy A Repeat Of Atlas Pearls' (ASX:ATP) Recent Growth In Returns
Jun 01Atlas Pearls (ASX:ATP) Seems To Use Debt Quite Sensibly
Apr 06Shareholders Would Enjoy A Repeat Of Atlas Pearls' (ASX:ATP) Recent Growth In Returns
Feb 27We Think Atlas Pearls (ASX:ATP) Can Stay On Top Of Its Debt
Nov 02Why Atlas Pearls' (ASX:ATP) Earnings Are Weaker Than They Seem
Sep 07Does Atlas Pearls (ASX:ATP) Have A Healthy Balance Sheet?
Jun 13Is Atlas Pearls (ASX:ATP) Using Debt In A Risky Way?
Feb 28Financial Position Analysis
Short Term Liabilities: ATP's short term assets (A$36.5M) exceed its short term liabilities (A$6.0M).
Long Term Liabilities: ATP's short term assets (A$36.5M) exceed its long term liabilities (A$5.2M).
Debt to Equity History and Analysis
Debt Level: ATP has more cash than its total debt.
Reducing Debt: ATP's debt to equity ratio has reduced from 25% to 0.6% over the past 5 years.
Debt Coverage: ATP's debt is well covered by operating cash flow (6639.8%).
Interest Coverage: ATP's interest payments on its debt are well covered by EBIT (1653.7x coverage).