Ultima United Balance Sheet Health
Financial Health criteria checks 6/6
Ultima United has a total shareholder equity of A$23.2M and total debt of A$2.7M, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are A$27.0M and A$3.9M respectively. Ultima United's EBIT is A$23.3K making its interest coverage ratio 0.3. It has cash and short-term investments of A$12.9M.
Key information
11.5%
Debt to equity ratio
AU$2.66m
Debt
Interest coverage ratio | 0.3x |
Cash | AU$12.93m |
Equity | AU$23.18m |
Total liabilities | AU$3.86m |
Total assets | AU$27.04m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EZX's short term assets (A$15.8M) exceed its short term liabilities (A$3.2M).
Long Term Liabilities: EZX's short term assets (A$15.8M) exceed its long term liabilities (A$703.7K).
Debt to Equity History and Analysis
Debt Level: EZX has more cash than its total debt.
Reducing Debt: EZX's debt to equity ratio has reduced from 37.5% to 11.5% 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: EZX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: EZX has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 54% each year