Avante Balance Sheet Health
Financial Health criteria checks 6/6
Avante has a total shareholder equity of CA$12.5M and total debt of CA$92.4K, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CA$23.5M and CA$10.9M respectively.
Key information
0.7%
Debt to equity ratio
CA$92.42k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.91m |
| Equity | CA$12.51m |
| Total liabilities | CA$10.95m |
| Total assets | CA$23.46m |
Recent financial health updates
Does Avante Logixx (CVE:XX) Have A Healthy Balance Sheet?
Nov 29
Is Avante Logixx (CVE:XX) A Risky Investment?
May 20Would Avante Logixx (CVE:XX) Be Better Off With Less Debt?
Jan 20
Recent updates
Avante Corp.'s (CVE:XX) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Dec 06Are Investors Undervaluing Avante Logixx Inc. (CVE:XX) By 43%?
Feb 10Does Avante Logixx (CVE:XX) Have A Healthy Balance Sheet?
Nov 29Is Avante Logixx (CVE:XX) A Risky Investment?
May 20How Does Avante Logixx's (CVE:XX) CEO Pay Compare With Company Performance?
Feb 24Would Avante Logixx (CVE:XX) Be Better Off With Less Debt?
Jan 20Trade Alert: The Independent Chairman Of Avante Logixx Inc. (CVE:XX), Samuel Duboc, Has Just Spent CA$63k Buying 25% More Shares
Dec 08Financial Position Analysis
Short Term Liabilities: XX's short term assets (CA$14.0M) exceed its short term liabilities (CA$8.3M).
Long Term Liabilities: XX's short term assets (CA$14.0M) exceed its long term liabilities (CA$2.6M).
Debt to Equity History and Analysis
Debt Level: XX has more cash than its total debt.
Reducing Debt: XX's debt to equity ratio has reduced from 17.6% to 0.7% 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: XX has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: XX has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 15.9% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 13:26 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Avante Corp. is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nick Corcoran | Acumen Capital Finance Partners Limited |
| Gabriel Leung | Beacon Securities Limited |
| Douglas Taylor | Canaccord Genuity |