Avingtrans Balance Sheet Health
Financial Health criteria checks 5/6
Avingtrans has a total shareholder equity of £113.0M and total debt of £13.9M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are £186.3M and £73.3M respectively. Avingtrans's EBIT is £5.7M making its interest coverage ratio 6.6. It has cash and short-term investments of £12.1M.
Key information
12.3%
Debt to equity ratio
UK£13.90m
Debt
| Interest coverage ratio | 6.6x |
| Cash | UK£12.12m |
| Equity | UK£113.01m |
| Total liabilities | UK£73.33m |
| Total assets | UK£186.34m |
Recent financial health updates
Recent updates
Avingtrans (LON:AVG) Has Announced That It Will Be Increasing Its Dividend To £0.029
Oct 30
The Return Trends At Avingtrans (LON:AVG) Look Promising
Mar 02Is Now An Opportune Moment To Examine Avingtrans plc (LON:AVG)?
Nov 09We Think Avingtrans plc's (LON:AVG) CEO Compensation Looks Fair
Nov 11At UK£3.30, Is It Time To Put Avingtrans plc (LON:AVG) On Your Watch List?
Apr 09Does Avingtrans (LON:AVG) Deserve A Spot On Your Watchlist?
Mar 11Avingtrans plc's (LON:AVG) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Feb 24Avingtrans (LON:AVG) Has A Pretty Healthy Balance Sheet
Feb 12Did Business Growth Power Avingtrans' (LON:AVG) Share Price Gain of 164%?
Jan 25At UK£2.83, Is It Time To Put Avingtrans plc (LON:AVG) On Your Watch List?
Jan 04
Here's What We Think About Avingtrans' (LON:AVG) CEO Pay
Dec 18A Look At The Fair Value Of Avingtrans plc (LON:AVG)
Nov 30Financial Position Analysis
Short Term Liabilities: AVG's short term assets (£91.4M) exceed its short term liabilities (£50.1M).
Long Term Liabilities: AVG's short term assets (£91.4M) exceed its long term liabilities (£23.2M).
Debt to Equity History and Analysis
Debt Level: AVG's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: AVG's debt to equity ratio has reduced from 12.6% to 12.3% over the past 5 years.
Debt Coverage: AVG's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: AVG's interest payments on its debt are well covered by EBIT (6.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 13:52 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/05/31 |
| Annual Earnings | 2024/05/31 |
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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Avingtrans plc is covered by 3 analysts. 2 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 |
|---|---|
| David Buxton | Cavendish |
| Scott Cagehin | Numis Securities Ltd. |
| Dominic Convey | Peel Hunt LLP |