SILK Laser Australia Balance Sheet Health
Financial Health criteria checks 4/6
SILK Laser Australia has a total shareholder equity of A$96.4M and total debt of A$29.9M, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are A$184.7M and A$88.3M respectively. SILK Laser Australia's EBIT is A$11.4M making its interest coverage ratio 10.8. It has cash and short-term investments of A$20.8M.
Key information
31.0%
Debt to equity ratio
AU$29.93m
Debt
| Interest coverage ratio | 10.8x |
| Cash | AU$20.79m |
| Equity | AU$96.45m |
| Total liabilities | AU$88.27m |
| Total assets | AU$184.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SLA's short term assets (A$40.5M) do not cover its short term liabilities (A$68.9M).
Long Term Liabilities: SLA's short term assets (A$40.5M) exceed its long term liabilities (A$19.3M).
Debt to Equity History and Analysis
Debt Level: SLA's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: SLA's debt to equity ratio has increased from 0.4% to 31% over the past 5 years.
Debt Coverage: SLA's debt is well covered by operating cash flow (55.4%).
Interest Coverage: SLA's interest payments on its debt are well covered by EBIT (10.8x coverage).