Avation Balance Sheet Health
Financial Health criteria checks 2/6
Avation has a total shareholder equity of $256.4M and total debt of $675.1M, which brings its debt-to-equity ratio to 263.3%. Its total assets and total liabilities are $1.1B and $885.9M respectively. Avation's EBIT is $42.2M making its interest coverage ratio 1. It has cash and short-term investments of $34.3M.
Key information
263.3%
Debt to equity ratio
US$675.09m
Debt
| Interest coverage ratio | 1x |
| Cash | US$34.31m |
| Equity | US$256.40m |
| Total liabilities | US$885.92m |
| Total assets | US$1.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9K0's short term assets ($184.9M) exceed its short term liabilities ($132.7M).
Long Term Liabilities: 9K0's short term assets ($184.9M) do not cover its long term liabilities ($753.3M).
Debt to Equity History and Analysis
Debt Level: 9K0's net debt to equity ratio (249.9%) is considered high.
Reducing Debt: 9K0's debt to equity ratio has reduced from 452.1% to 263.3% over the past 5 years.
Debt Coverage: 9K0's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: 9K0's interest payments on its debt are not well covered by EBIT (1x coverage).