Etherstack Balance Sheet Health
Financial Health criteria checks 5/6
Etherstack has a total shareholder equity of $8.4M and total debt of $2.4M, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are $14.7M and $6.3M respectively. Etherstack's EBIT is $360.0K making its interest coverage ratio 1.7. It has cash and short-term investments of $1.4M.
Key information
29.1%
Debt to equity ratio
US$2.43m
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$1.36m |
| Equity | US$8.38m |
| Total liabilities | US$6.28m |
| Total assets | US$14.66m |
Recent financial health updates
Recent updates
Is Etherstack (ASX:ESK) Using Too Much Debt?
Oct 11
Etherstack (ASX:ESK) May Have Issues Allocating Its Capital
Aug 26Be Wary Of Etherstack (ASX:ESK) And Its Returns On Capital
Mar 05At AU$0.36, Is Etherstack plc (ASX:ESK) Worth Looking At Closely?
Aug 13Should You Be Adding Etherstack (ASX:ESK) To Your Watchlist Today?
Jul 06We Ran A Stock Scan For Earnings Growth And Etherstack (ASX:ESK) Passed With Ease
Mar 15Here's Why We Think Etherstack (ASX:ESK) Might Deserve Your Attention Today
Dec 13Investors Holding Back On Etherstack plc (ASX:ESK)
Sep 09Etherstack's (ASX:ESK) Robust Earnings Are Not All Good News For Shareholders
Feb 22The Etherstack (ASX:ESK) Share Price Has Gained 297%, So Why Not Pay It Some Attention?
Jan 28
Financial Position Analysis
Short Term Liabilities: ESK's short term assets ($5.2M) exceed its short term liabilities ($3.4M).
Long Term Liabilities: ESK's short term assets ($5.2M) exceed its long term liabilities ($2.9M).
Debt to Equity History and Analysis
Debt Level: ESK's net debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: ESK had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: ESK's debt is well covered by operating cash flow (79%).
Interest Coverage: ESK's interest payments on its debt are not well covered by EBIT (1.7x coverage).