Axis Auto Finance Balance Sheet Health
Financial Health criteria checks 4/6
Axis Auto Finance has a total shareholder equity of CA$3.1M and total debt of CA$88.0M, which brings its debt-to-equity ratio to 2860.7%. Its total assets and total liabilities are CA$96.6M and CA$93.5M respectively.
Key information
2,860.7%
Debt to equity ratio
CA$87.98m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.05m |
| Equity | CA$3.08m |
| Total liabilities | CA$93.49m |
| Total assets | CA$96.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: X7D's short term assets (CA$95.7M) exceed its short term liabilities (CA$4.3M).
Long Term Liabilities: X7D's short term assets (CA$95.7M) exceed its long term liabilities (CA$89.2M).
Debt to Equity History and Analysis
Debt Level: X7D's net debt to equity ratio (2761.4%) is considered high.
Reducing Debt: X7D's debt to equity ratio has increased from 331.8% to 2860.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable X7D has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: X7D is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 11.7% per year.