Ainsworth Game Technology Balance Sheet Health
Financial Health criteria checks 5/6
Ainsworth Game Technology has a total shareholder equity of A$333.9M and total debt of A$24.1M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are A$422.6M and A$88.7M respectively. Ainsworth Game Technology's EBIT is A$28.9M making its interest coverage ratio -9.6. It has cash and short-term investments of A$13.3M.
Key information
7.2%
Debt to equity ratio
AU$24.07m
Debt
| Interest coverage ratio | -9.6x |
| Cash | AU$13.34m |
| Equity | AU$333.92m |
| Total liabilities | AU$88.69m |
| Total assets | AU$422.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AGI's short term assets (A$208.4M) exceed its short term liabilities (A$56.1M).
Long Term Liabilities: AGI's short term assets (A$208.4M) exceed its long term liabilities (A$32.6M).
Debt to Equity History and Analysis
Debt Level: AGI's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: AGI's debt to equity ratio has reduced from 14% to 7.2% over the past 5 years.
Debt Coverage: AGI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AGI earns more interest than it pays, so coverage of interest payments is not a concern.