Avante Balance Sheet Health
Financial Health criteria checks 6/6
Avante has a total shareholder equity of CA$12.8M and total debt of CA$109.2K, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CA$23.0M and CA$10.2M respectively. Avante's EBIT is CA$193.3K making its interest coverage ratio 0.7. It has cash and short-term investments of CA$4.3M.
Key information
0.85%
Debt to equity ratio
CA$109.25k
Debt
| Interest coverage ratio | 0.7x |
| Cash | CA$4.28m |
| Equity | CA$12.84m |
| Total liabilities | CA$10.16m |
| Total assets | CA$23.00m |
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 30%
May 08The Market Doesn't Like What It Sees From Avante Corp.'s (CVE:XX) Revenues Yet As Shares Tumble 28%
Feb 28Avante 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$13.8M) exceed its short term liabilities (CA$7.6M).
Long Term Liabilities: XX's short term assets (CA$13.8M) exceed its long term liabilities (CA$2.5M).
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 98.3% to 0.9% 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 XX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: XX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/02/06 08:10 |
| End of Day Share Price | 2026/02/06 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
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 |
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| 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Avante Corp. is covered by 6 analysts. 2 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 |
| Jeffrey Fenwick | ATB Cormark Historical (Cormark Securities) |
| Nicholas Cortellucci | Atrium Research |