Aspen Group Balance Sheet Health
Financial Health criteria checks 1/6
Aspen Group has a total shareholder equity of A$379.0M and total debt of A$189.4M, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are A$594.6M and A$215.6M respectively. Aspen Group's EBIT is A$23.0M making its interest coverage ratio 3.6. It has cash and short-term investments of A$5.0M.
Key information
50.0%
Debt to equity ratio
AU$189.45m
Debt
Interest coverage ratio | 3.6x |
Cash | AU$5.00m |
Equity | AU$378.98m |
Total liabilities | AU$215.64m |
Total assets | AU$594.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AYV1's short term assets (A$24.3M) do not cover its short term liabilities (A$52.3M).
Long Term Liabilities: AYV1's short term assets (A$24.3M) do not cover its long term liabilities (A$163.3M).
Debt to Equity History and Analysis
Debt Level: AYV1's net debt to equity ratio (48.7%) is considered high.
Reducing Debt: AYV1's debt to equity ratio has increased from 26.7% to 50% over the past 5 years.
Debt Coverage: AYV1's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: AYV1's interest payments on its debt are well covered by EBIT (3.6x coverage).