Avax Balance Sheet Health
Financial Health criteria checks 3/6
Avax has a total shareholder equity of €159.7M and total debt of €351.3M, which brings its debt-to-equity ratio to 220%. Its total assets and total liabilities are €1.2B and €1.0B respectively. Avax's EBIT is €3.6M making its interest coverage ratio 0.3. It has cash and short-term investments of €76.9M.
Key information
220.0%
Debt to equity ratio
€351.30m
Debt
Interest coverage ratio | 0.3x |
Cash | €76.90m |
Equity | €159.70m |
Total liabilities | €1.00b |
Total assets | €1.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IJ6's short term assets (€658.7M) exceed its short term liabilities (€501.4M).
Long Term Liabilities: IJ6's short term assets (€658.7M) exceed its long term liabilities (€499.6M).
Debt to Equity History and Analysis
Debt Level: IJ6's net debt to equity ratio (171.8%) is considered high.
Reducing Debt: IJ6's debt to equity ratio has reduced from 671.5% to 220% over the past 5 years.
Debt Coverage: IJ6's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: IJ6's interest payments on its debt are not well covered by EBIT (0.3x coverage).