Cirrus Networks Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Cirrus Networks Holdings has a total shareholder equity of A$18.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$42.0M and A$23.2M respectively. Cirrus Networks Holdings's EBIT is A$3.4M making its interest coverage ratio 17.9. It has cash and short-term investments of A$13.9M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | 17.9x |
| Cash | AU$13.88m |
| Equity | AU$18.81m |
| Total liabilities | AU$23.22m |
| Total assets | AU$42.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LG4's short term assets (A$28.9M) exceed its short term liabilities (A$22.3M).
Long Term Liabilities: LG4's short term assets (A$28.9M) exceed its long term liabilities (A$906.1K).
Debt to Equity History and Analysis
Debt Level: LG4 is debt free.
Reducing Debt: LG4 has no debt compared to 5 years ago when its debt to equity ratio was 8.3%.
Debt Coverage: LG4 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LG4 has no debt, therefore coverage of interest payments is not a concern.