Althea Group Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Althea Group Holdings has a total shareholder equity of A$314.0K and total debt of A$972.0K, which brings its debt-to-equity ratio to 309.6%. Its total assets and total liabilities are A$23.7M and A$23.3M respectively.
Key information
309.6%
Debt to equity ratio
AU$972.00k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$331.00k |
| Equity | AU$314.00k |
| Total liabilities | AU$23.34m |
| Total assets | AU$23.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AGH's short term assets (A$10.9M) do not cover its short term liabilities (A$16.9M).
Long Term Liabilities: AGH's short term assets (A$10.9M) exceed its long term liabilities (A$6.4M).
Debt to Equity History and Analysis
Debt Level: AGH's net debt to equity ratio (204.1%) is considered high.
Reducing Debt: AGH's debt to equity ratio has increased from 0% to 309.6% 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: AGH has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AGH is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.