Cogstate Balance Sheet Health
Financial Health criteria checks 6/6
Cogstate has a total shareholder equity of $40.9M and total debt of $109.4K, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are $57.8M and $16.9M respectively. Cogstate's EBIT is $6.2M making its interest coverage ratio 120.5. It has cash and short-term investments of $30.1M.
Key information
0.3%
Debt to equity ratio
US$109.43k
Debt
| Interest coverage ratio | 120.5x |
| Cash | US$30.12m |
| Equity | US$40.92m |
| Total liabilities | US$16.92m |
| Total assets | US$57.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGS's short term assets ($43.5M) exceed its short term liabilities ($12.6M).
Long Term Liabilities: CGS's short term assets ($43.5M) exceed its long term liabilities ($4.3M).
Debt to Equity History and Analysis
Debt Level: CGS has more cash than its total debt.
Reducing Debt: CGS's debt to equity ratio has reduced from 5% to 0.3% over the past 5 years.
Debt Coverage: CGS's debt is well covered by operating cash flow (5286.1%).
Interest Coverage: CGS's interest payments on its debt are well covered by EBIT (120.5x coverage).