Alliance Aviation Services Balance Sheet Health
Financial Health criteria checks 2/6
Alliance Aviation Services has a total shareholder equity of A$410.7M and total debt of A$337.1M, which brings its debt-to-equity ratio to 82.1%. Its total assets and total liabilities are A$998.8M and A$588.1M respectively. Alliance Aviation Services's EBIT is A$104.5M making its interest coverage ratio 5.9. It has cash and short-term investments of A$31.2M.
Key information
82.1%
Debt to equity ratio
AU$337.08m
Debt
| Interest coverage ratio | 5.9x |
| Cash | AU$31.23m |
| Equity | AU$410.74m |
| Total liabilities | AU$588.06m |
| Total assets | AU$998.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AQZ's short term assets (A$253.1M) exceed its short term liabilities (A$143.6M).
Long Term Liabilities: AQZ's short term assets (A$253.1M) do not cover its long term liabilities (A$444.5M).
Debt to Equity History and Analysis
Debt Level: AQZ's net debt to equity ratio (74.5%) is considered high.
Reducing Debt: AQZ's debt to equity ratio has increased from 35.6% to 82.1% over the past 5 years.
Debt Coverage: AQZ's debt is not well covered by operating cash flow (7.3%).
Interest Coverage: AQZ's interest payments on its debt are well covered by EBIT (5.9x coverage).