Avantax Balance Sheet Health
Financial Health criteria checks 2/6
Avantax has a total shareholder equity of $403.7M and total debt of $278.1M, which brings its debt-to-equity ratio to 68.9%. Its total assets and total liabilities are $825.7M and $422.0M respectively. Avantax's EBIT is $41.0M making its interest coverage ratio 3.3. It has cash and short-term investments of $106.4M.
Key information
68.9%
Debt to equity ratio
US$278.07m
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$106.44m |
| Equity | US$403.69m |
| Total liabilities | US$421.99m |
| Total assets | US$825.68m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3EV's short term assets ($186.2M) exceed its short term liabilities ($89.8M).
Long Term Liabilities: 3EV's short term assets ($186.2M) do not cover its long term liabilities ($332.2M).
Debt to Equity History and Analysis
Debt Level: 3EV's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: 3EV's debt to equity ratio has increased from 40.3% to 68.9% over the past 5 years.
Debt Coverage: 3EV's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3EV's interest payments on its debt are well covered by EBIT (3.3x coverage).