Australian Agricultural Projects Balance Sheet Health
Financial Health criteria checks 2/6
Australian Agricultural Projects has a total shareholder equity of A$8.2M and total debt of A$6.7M, which brings its debt-to-equity ratio to 81.1%. Its total assets and total liabilities are A$18.2M and A$10.0M respectively.
Key information
81.1%
Debt to equity ratio
AU$6.68m
Debt
Interest coverage ratio | n/a |
Cash | AU$68.04k |
Equity | AU$8.24m |
Total liabilities | AU$9.97m |
Total assets | AU$18.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAP's short term assets (A$2.9M) do not cover its short term liabilities (A$3.3M).
Long Term Liabilities: AAP's short term assets (A$2.9M) do not cover its long term liabilities (A$6.7M).
Debt to Equity History and Analysis
Debt Level: AAP's net debt to equity ratio (80.2%) is considered high.
Reducing Debt: AAP's debt to equity ratio has increased from 75.1% to 81.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable AAP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AAP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 19.5% per year.