Avant Brands Balance Sheet Health
Financial Health criteria checks 6/6
Avant Brands has a total shareholder equity of CA$46.1M and total debt of CA$8.1M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are CA$72.6M and CA$26.5M respectively.
Key information
17.5%
Debt to equity ratio
CA$8.07m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.18m |
| Equity | CA$46.08m |
| Total liabilities | CA$26.48m |
| Total assets | CA$72.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1BU's short term assets (CA$30.4M) exceed its short term liabilities (CA$14.2M).
Long Term Liabilities: 1BU's short term assets (CA$30.4M) exceed its long term liabilities (CA$12.2M).
Debt to Equity History and Analysis
Debt Level: 1BU's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: 1BU's debt to equity ratio has reduced from 17.9% to 17.5% 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 1BU has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1BU is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51.7% per year.