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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 19:56 |
| End of Day Share Price | 2024/12/13 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Axis Auto Finance Inc. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Scott Chan | Canaccord Genuity |
| Corey Hammill | Paradigm Capital, Inc. |
| Robert Gibson | Ventum Financial Corp |