Austco Healthcare Balance Sheet Health
Financial Health criteria checks 5/6
Austco Healthcare has a total shareholder equity of A$26.5M and total debt of A$1.2M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are A$43.1M and A$16.6M respectively. Austco Healthcare's EBIT is A$1.7M making its interest coverage ratio 61.7. It has cash and short-term investments of A$5.0M.
Key information
4.6%
Debt to equity ratio
AU$1.21m
Debt
Interest coverage ratio | 61.7x |
Cash | AU$4.97m |
Equity | AU$26.47m |
Total liabilities | AU$16.63m |
Total assets | AU$43.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AHC's short term assets (A$30.8M) exceed its short term liabilities (A$14.2M).
Long Term Liabilities: AHC's short term assets (A$30.8M) exceed its long term liabilities (A$2.4M).
Debt to Equity History and Analysis
Debt Level: AHC has more cash than its total debt.
Reducing Debt: AHC's debt to equity ratio has increased from 4.3% to 4.6% over the past 5 years.
Debt Coverage: AHC's debt is well covered by operating cash flow (81.3%).
Interest Coverage: AHC's interest payments on its debt are well covered by EBIT (61.7x coverage).