Aveng has a total shareholder equity of A$282.0M and total debt of A$7.7M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are A$1.3B and A$980.7M respectively. Aveng's EBIT is A$39.8M making its interest coverage ratio 4.9. It has cash and short-term investments of A$227.7M.
Key information
2.7%
Debt to equity ratio
AU$7.69m
Debt
Interest coverage ratio
4.9x
Cash
AU$227.68m
Equity
AU$281.96m
Total liabilities
AU$980.71m
Total assets
AU$1.26b
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UG8's short term assets (A$817.3M) exceed its short term liabilities (A$805.4M).
Long Term Liabilities: UG8's short term assets (A$817.3M) exceed its long term liabilities (A$175.3M).
Debt to Equity History and Analysis
Debt Level: UG8 has more cash than its total debt.
Reducing Debt: UG8's debt to equity ratio has reduced from 76.2% to 2.7% over the past 5 years.
Debt Coverage: UG8's debt is well covered by operating cash flow (1786.9%).
Interest Coverage: UG8's interest payments on its debt are well covered by EBIT (4.9x coverage).