Alliance Aviation Services Balance Sheet Health
Financial Health criteria checks 2/6
Alliance Aviation Services has a total shareholder equity of A$376.3M and total debt of A$281.6M, which brings its debt-to-equity ratio to 74.8%. Its total assets and total liabilities are A$859.9M and A$483.6M respectively. Alliance Aviation Services's EBIT is A$95.7M making its interest coverage ratio 6.4. It has cash and short-term investments of A$36.9M.
Key information
74.8%
Debt to equity ratio
AU$281.56m
Debt
Interest coverage ratio | 6.4x |
Cash | AU$36.94m |
Equity | AU$376.28m |
Total liabilities | AU$483.61m |
Total assets | AU$859.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AQZ's short term assets (A$224.3M) exceed its short term liabilities (A$111.9M).
Long Term Liabilities: AQZ's short term assets (A$224.3M) do not cover its long term liabilities (A$371.7M).
Debt to Equity History and Analysis
Debt Level: AQZ's net debt to equity ratio (65%) is considered high.
Reducing Debt: AQZ's debt to equity ratio has increased from 38% to 74.8% over the past 5 years.
Debt Coverage: AQZ's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: AQZ's interest payments on its debt are well covered by EBIT (6.4x coverage).