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Avant Brands Balance Sheet Health
Financial Health criteria checks 6/6
Avant Brands has a total shareholder equity of CA$46.0M and total debt of CA$6.3M, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are CA$74.4M and CA$28.4M respectively.
Key information
13.6%
Debt to equity ratio
CA$6.28m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.46m |
| Equity | CA$45.99m |
| Total liabilities | CA$28.44m |
| Total assets | CA$74.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1BU0's short term assets (CA$31.2M) exceed its short term liabilities (CA$18.1M).
Long Term Liabilities: 1BU0's short term assets (CA$31.2M) exceed its long term liabilities (CA$10.3M).
Debt to Equity History and Analysis
Debt Level: 1BU0's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: 1BU0's debt to equity ratio has reduced from 16.2% to 13.6% 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 1BU0 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1BU0 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.