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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/11/29 19:55 |
| End of Day Share Price | 2023/11/27 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2023/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Cirrus Networks Holdings Limited is covered by 1 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Oliver Stevens | Euroz Hartleys Securities Limited |