Cogstate Balance Sheet Health
Financial Health criteria checks 6/6
Cogstate has a total shareholder equity of $38.0M and total debt of $451.3K, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are $52.1M and $14.2M respectively. Cogstate's EBIT is $4.1M making its interest coverage ratio -5.9. It has cash and short-term investments of $25.3M.
Key information
1.2%
Debt to equity ratio
US$451.32k
Debt
Interest coverage ratio | -5.9x |
Cash | US$25.29m |
Equity | US$37.95m |
Total liabilities | US$14.15m |
Total assets | US$52.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGS's short term assets ($37.8M) exceed its short term liabilities ($11.7M).
Long Term Liabilities: CGS's short term assets ($37.8M) exceed its long term liabilities ($2.5M).
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 7.2% to 1.2% over the past 5 years.
Debt Coverage: CGS's debt is well covered by operating cash flow (108.7%).
Interest Coverage: CGS earns more interest than it pays, so coverage of interest payments is not a concern.