Avacta Group Balance Sheet Health
Financial Health criteria checks 4/6
Avacta Group has a total shareholder equity of £48.2M and total debt of £24.0M, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are £89.3M and £41.1M respectively.
Key information
49.8%
Debt to equity ratio
UK£24.00m
Debt
Interest coverage ratio | n/a |
Cash | UK£32.53m |
Equity | UK£48.16m |
Total liabilities | UK£41.13m |
Total assets | UK£89.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RTQ1's short term assets (£45.5M) exceed its short term liabilities (£35.3M).
Long Term Liabilities: RTQ1's short term assets (£45.5M) exceed its long term liabilities (£5.9M).
Debt to Equity History and Analysis
Debt Level: RTQ1 has more cash than its total debt.
Reducing Debt: RTQ1's debt to equity ratio has increased from 0% to 49.8% 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: RTQ1 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RTQ1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14.6% each year