Acceleware Balance Sheet Health
Financial Health criteria checks 2/6
Acceleware has a total shareholder equity of CA$-6.4M and total debt of CA$2.5M, which brings its debt-to-equity ratio to -39.9%. Its total assets and total liabilities are CA$638.5K and CA$7.0M respectively. Acceleware's EBIT is CA$2.4M making its interest coverage ratio 3.6. It has cash and short-term investments of CA$522.0K.
Key information
-39.9%
Debt to equity ratio
CA$2.53m
Debt
| Interest coverage ratio | 3.6x |
| Cash | CA$522.01k |
| Equity | -CA$6.36m |
| Total liabilities | CA$7.00m |
| Total assets | CA$638.53k |
Financial Position Analysis
Short Term Liabilities: AXE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AXE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AXE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AXE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AXE's debt is well covered by operating cash flow (40.6%).
Interest Coverage: AXE's interest payments on its debt are well covered by EBIT (3.6x coverage).