ASX Balance Sheet Health
Financial Health criteria checks 3/6
ASX has a total shareholder equity of A$3.7B and total debt of A$20.0M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are A$15.4B and A$11.8B respectively. ASX's EBIT is A$1.1B making its interest coverage ratio 2.5. It has cash and short-term investments of A$1.9B.
Key information
0.5%
Debt to equity ratio
AU$20.00m
Debt
Interest coverage ratio | 2.5x |
Cash | AU$1.87b |
Equity | AU$3.65b |
Total liabilities | AU$11.75b |
Total assets | AU$15.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASX's short term assets (A$12.7B) exceed its short term liabilities (A$11.4B).
Long Term Liabilities: ASX's short term assets (A$12.7B) exceed its long term liabilities (A$319.7M).
Debt to Equity History and Analysis
Debt Level: ASX has more cash than its total debt.
Reducing Debt: ASX's debt to equity ratio has increased from 0% to 0.5% over the past 5 years.
Debt Coverage: ASX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ASX's interest payments on its debt are not well covered by EBIT (2.5x coverage).