Comms Group Balance Sheet Health
Financial Health criteria checks 4/6
Comms Group has a total shareholder equity of A$31.8M and total debt of A$7.6M, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are A$56.4M and A$24.7M respectively. Comms Group's EBIT is A$959.3K making its interest coverage ratio 1.1. It has cash and short-term investments of A$3.6M.
Key information
24.0%
Debt to equity ratio
AU$7.63m
Debt
| Interest coverage ratio | 1.1x |
| Cash | AU$3.58m |
| Equity | AU$31.77m |
| Total liabilities | AU$24.67m |
| Total assets | AU$56.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCG's short term assets (A$11.6M) do not cover its short term liabilities (A$17.1M).
Long Term Liabilities: CCG's short term assets (A$11.6M) exceed its long term liabilities (A$7.6M).
Debt to Equity History and Analysis
Debt Level: CCG's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: CCG's debt to equity ratio has increased from 0% to 24% 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: Whilst unprofitable CCG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CCG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 58.7% per year.