Aussie Broadband Balance Sheet Health
Financial Health criteria checks 5/6
Aussie Broadband has a total shareholder equity of A$570.1M and total debt of A$297.2M, which brings its debt-to-equity ratio to 52.1%. Its total assets and total liabilities are A$1.2B and A$667.7M respectively. Aussie Broadband's EBIT is A$59.6M making its interest coverage ratio 5. It has cash and short-term investments of A$214.1M.
Key information
52.1%
Debt to equity ratio
AU$297.17m
Debt
| Interest coverage ratio | 5x |
| Cash | AU$214.13m |
| Equity | AU$570.10m |
| Total liabilities | AU$667.66m |
| Total assets | AU$1.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9JI's short term assets (A$342.9M) exceed its short term liabilities (A$265.9M).
Long Term Liabilities: 9JI's short term assets (A$342.9M) do not cover its long term liabilities (A$401.8M).
Debt to Equity History and Analysis
Debt Level: 9JI's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: 9JI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 9JI's debt is well covered by operating cash flow (40.5%).
Interest Coverage: 9JI's interest payments on its debt are well covered by EBIT (5x coverage).