Avalon Advanced Materials Balance Sheet Health
Financial Health criteria checks 2/6
Avalon Advanced Materials has a total shareholder equity of CA$129.8M and total debt of CA$3.1M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CA$135.9M and CA$6.1M respectively.
Key information
2.4%
Debt to equity ratio
CA$3.12m
Debt
Interest coverage ratio | n/a |
Cash | CA$753.23k |
Equity | CA$129.76m |
Total liabilities | CA$6.12m |
Total assets | CA$135.87m |
Recent financial health updates
Avalon Advanced Materials (TSE:AVL) Is Making Moderate Use Of Debt
Apr 19Is Avalon Advanced Materials (TSE:AVL) A Risky Investment?
Nov 22Does Avalon Advanced Materials (TSE:AVL) Have A Healthy Balance Sheet?
Jul 20Is Avalon Advanced Materials (TSE:AVL) Using Too Much Debt?
Nov 17Here's Why Avalon Advanced Materials (TSE:AVL) Can Afford Some Debt
Aug 04We Think Avalon Advanced Materials (TSE:AVL) Has A Fair Chunk Of Debt
Apr 19Recent updates
Avalon Advanced Materials (TSE:AVL) Is Making Moderate Use Of Debt
Apr 19Is Avalon Advanced Materials (TSE:AVL) A Risky Investment?
Nov 22Does Avalon Advanced Materials (TSE:AVL) Have A Healthy Balance Sheet?
Jul 20Is Avalon Advanced Materials (TSE:AVL) Using Too Much Debt?
Nov 17Here's Why Avalon Advanced Materials (TSE:AVL) Can Afford Some Debt
Aug 04We Think Avalon Advanced Materials (TSE:AVL) Has A Fair Chunk Of Debt
Apr 19Our Take On Avalon Advanced Materials' (TSE:AVL) CEO Salary
Nov 29Financial Position Analysis
Short Term Liabilities: AVL's short term assets (CA$988.3K) do not cover its short term liabilities (CA$2.0M).
Long Term Liabilities: AVL's short term assets (CA$988.3K) do not cover its long term liabilities (CA$4.1M).
Debt to Equity History and Analysis
Debt Level: AVL's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: AVL's debt to equity ratio has reduced from 2.4% to 2.4% over the past 5 years.
Debt Coverage: AVL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if AVL's interest payments on its debt are well covered by EBIT.