Aussie Broadband Balance Sheet Health
Financial Health criteria checks 6/6
Aussie Broadband has a total shareholder equity of A$439.9M and total debt of A$39.4M, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are A$738.8M and A$299.0M respectively. Aussie Broadband's EBIT is A$41.8M making its interest coverage ratio 4.3. It has cash and short-term investments of A$117.9M.
Key information
9.0%
Debt to equity ratio
AU$39.40m
Debt
Interest coverage ratio | 4.3x |
Cash | AU$117.89m |
Equity | AU$439.89m |
Total liabilities | AU$298.96m |
Total assets | AU$738.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9JI's short term assets (A$199.8M) exceed its short term liabilities (A$168.5M).
Long Term Liabilities: 9JI's short term assets (A$199.8M) exceed its long term liabilities (A$130.4M).
Debt to Equity History and Analysis
Debt Level: 9JI has more cash than its total debt.
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 (333.8%).
Interest Coverage: 9JI's interest payments on its debt are well covered by EBIT (4.3x coverage).