Altech Batteries Balance Sheet Health
Financial Health criteria checks 5/6
Altech Batteries has a total shareholder equity of A$30.5M and total debt of A$7.6M, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are A$44.7M and A$14.2M respectively.
Key information
25.1%
Debt to equity ratio
AU$7.64m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$9.29m |
| Equity | AU$30.47m |
| Total liabilities | AU$14.18m |
| Total assets | AU$44.66m |
Recent financial health updates
We're Hopeful That Altech Chemicals (ASX:ATC) Will Use Its Cash Wisely
Feb 16
We Think Altech Chemicals (ASX:ATC) Can Afford To Drive Business Growth
Oct 31Companies Like Altech Chemicals (ASX:ATC) Can Afford To Invest In Growth
Jul 05Recent updates
We're Hopeful That Altech Chemicals (ASX:ATC) Will Use Its Cash Wisely
Feb 16We Think Altech Chemicals (ASX:ATC) Can Afford To Drive Business Growth
Oct 31Companies Like Altech Chemicals (ASX:ATC) Can Afford To Invest In Growth
Jul 05Altech Chemicals (ASX:ATC) Might Have The Makings Of A Multi-Bagger
Jul 06Robust Earnings May Not Tell The Whole Story For Altech Chemicals (ASX:ATC)
Mar 22Can Mixed Fundamentals Have A Negative Impact on Altech Chemicals Limited (ASX:ATC) Current Share Price Momentum?
Mar 19Have Insiders Been Selling Altech Chemicals Limited (ASX:ATC) Shares?
Dec 17
Financial Position Analysis
Short Term Liabilities: ATC's short term assets (A$12.2M) exceed its short term liabilities (A$6.4M).
Long Term Liabilities: ATC's short term assets (A$12.2M) exceed its long term liabilities (A$7.8M).
Debt to Equity History and Analysis
Debt Level: ATC has more cash than its total debt.
Reducing Debt: ATC's debt to equity ratio has increased from 0% to 25.1% 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: ATC has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ATC is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.