Avax Balance Sheet Health
Financial Health criteria checks 3/6
Avax has a total shareholder equity of €157.3M and total debt of €266.2M, which brings its debt-to-equity ratio to 169.2%. Its total assets and total liabilities are €1.2B and €1.1B respectively. Avax's EBIT is €17.6M making its interest coverage ratio 0.8. It has cash and short-term investments of €81.2M.
Key information
169.2%
Debt to equity ratio
€266.24m
Debt
| Interest coverage ratio | 0.8x |
| Cash | €81.17m |
| Equity | €157.33m |
| Total liabilities | €1.09b |
| Total assets | €1.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IJ6's short term assets (€747.6M) exceed its short term liabilities (€576.0M).
Long Term Liabilities: IJ6's short term assets (€747.6M) exceed its long term liabilities (€516.2M).
Debt to Equity History and Analysis
Debt Level: IJ6's net debt to equity ratio (117.6%) is considered high.
Reducing Debt: IJ6's debt to equity ratio has reduced from 666.9% to 169.2% over the past 5 years.
Debt Coverage: IJ6's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: IJ6's interest payments on its debt are not well covered by EBIT (0.8x coverage).