Avid Technology Balance Sheet Health
Financial Health criteria checks 0/6
Avid Technology has a total shareholder equity of $-123.2M and total debt of $218.0M, which brings its debt-to-equity ratio to -176.9%. Its total assets and total liabilities are $273.7M and $396.9M respectively. Avid Technology's EBIT is $22.5M making its interest coverage ratio 1.4. It has cash and short-term investments of $21.0M.
Key information
-176.9%
Debt to equity ratio
US$217.97m
Debt
Interest coverage ratio | 1.4x |
Cash | US$20.96m |
Equity | -US$123.18m |
Total liabilities | US$396.92m |
Total assets | US$273.74m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AVD has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AVD has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AVD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AVD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AVD's interest payments on its debt are not well covered by EBIT (1.4x coverage).