Ava Risk Group Balance Sheet Health
Financial Health criteria checks 5/6
Ava Risk Group has a total shareholder equity of A$26.6M and total debt of A$2.2M, which brings its debt-to-equity ratio to 8.2%. Its total assets and total liabilities are A$35.0M and A$8.4M respectively.
Key information
8.2%
Debt to equity ratio
AU$2.19m
Debt
Interest coverage ratio | n/a |
Cash | AU$1.78m |
Equity | AU$26.59m |
Total liabilities | AU$8.43m |
Total assets | AU$35.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVA's short term assets (A$19.0M) exceed its short term liabilities (A$7.0M).
Long Term Liabilities: AVA's short term assets (A$19.0M) exceed its long term liabilities (A$1.4M).
Debt to Equity History and Analysis
Debt Level: AVA's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: AVA's debt to equity ratio has increased from 0% to 8.2% 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: AVA has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AVA is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.