Auction Technology Group Balance Sheet Health
Financial Health criteria checks 3/6
Auction Technology Group has a total shareholder equity of £661.8M and total debt of £147.2M, which brings its debt-to-equity ratio to 22.2%. Its total assets and total liabilities are £871.5M and £209.7M respectively. Auction Technology Group's EBIT is £22.7M making its interest coverage ratio 2. It has cash and short-term investments of £5.6M.
Key information
22.2%
Debt to equity ratio
UK£147.18m
Debt
Interest coverage ratio | 2x |
Cash | UK£5.61m |
Equity | UK£661.78m |
Total liabilities | UK£209.75m |
Total assets | UK£871.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATGL's short term assets (£27.0M) do not cover its short term liabilities (£39.4M).
Long Term Liabilities: ATGL's short term assets (£27.0M) do not cover its long term liabilities (£170.4M).
Debt to Equity History and Analysis
Debt Level: ATGL's net debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: ATGL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: ATGL's debt is well covered by operating cash flow (30%).
Interest Coverage: ATGL's interest payments on its debt are not well covered by EBIT (2x coverage).