Axis Auto Finance Balance Sheet Health
Financial Health criteria checks 2/6
Axis Auto Finance has a total shareholder equity of CA$21.1M and total debt of CA$189.6M, which brings its debt-to-equity ratio to 899.2%. Its total assets and total liabilities are CA$219.6M and CA$198.5M respectively.
Key information
899.2%
Debt to equity ratio
CA$189.60m
Debt
Interest coverage ratio | n/a |
Cash | CA$3.54m |
Equity | CA$21.09m |
Total liabilities | CA$198.47m |
Total assets | CA$219.55m |
Financial Position Analysis
Short Term Liabilities: AXIS's short term assets (CA$207.6M) exceed its short term liabilities (CA$6.6M).
Long Term Liabilities: AXIS's short term assets (CA$207.6M) exceed its long term liabilities (CA$191.8M).
Debt to Equity History and Analysis
Debt Level: AXIS's net debt to equity ratio (882.4%) is considered high.
Reducing Debt: AXIS's debt to equity ratio has increased from 329.1% to 899.2% 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: AXIS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AXIS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.5% each year