Australian Adventure Tourism Group Balance Sheet Health
Financial Health criteria checks 4/6
Australian Adventure Tourism Group has a total shareholder equity of A$9.0M and total debt of A$2.1M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are A$12.1M and A$3.1M respectively. Australian Adventure Tourism Group's EBIT is A$575.2K making its interest coverage ratio 7.7. It has cash and short-term investments of A$1.4M.
Key information
23.2%
Debt to equity ratio
AU$2.09m
Debt
| Interest coverage ratio | 7.7x |
| Cash | AU$1.38m |
| Equity | AU$9.02m |
| Total liabilities | AU$3.08m |
| Total assets | AU$12.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAT's short term assets (A$1.5M) exceed its short term liabilities (A$910.6K).
Long Term Liabilities: AAT's short term assets (A$1.5M) do not cover its long term liabilities (A$2.2M).
Debt to Equity History and Analysis
Debt Level: AAT's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: AAT's debt to equity ratio has increased from 2% to 23.2% over the past 5 years.
Debt Coverage: AAT's debt is well covered by operating cash flow (43.2%).
Interest Coverage: AAT's interest payments on its debt are well covered by EBIT (7.7x coverage).