Cryosite Balance Sheet Health
Financial Health criteria checks 5/6
Cryosite has a total shareholder equity of A$2.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$22.2M and A$19.3M respectively. Cryosite's EBIT is A$1.8M making its interest coverage ratio -26.4. It has cash and short-term investments of A$5.9M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | -26.4x |
| Cash | AU$5.93m |
| Equity | AU$2.90m |
| Total liabilities | AU$19.28m |
| Total assets | AU$22.17m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CTE's short term assets (A$9.4M) exceed its short term liabilities (A$4.1M).
Long Term Liabilities: CTE's short term assets (A$9.4M) do not cover its long term liabilities (A$15.2M).
Debt to Equity History and Analysis
Debt Level: CTE is debt free.
Reducing Debt: CTE has not had any debt for past 5 years.
Debt Coverage: CTE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CTE has no debt, therefore coverage of interest payments is not a concern.