Auction Technology Group Balance Sheet Health
Financial Health criteria checks 3/6
Auction Technology Group has a total shareholder equity of $687.8M and total debt of $121.5M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are $865.0M and $177.2M respectively. Auction Technology Group's EBIT is $33.6M making its interest coverage ratio 2.5. It has cash and short-term investments of $6.8M.
Key information
17.7%
Debt to equity ratio
US$121.48m
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$6.83m |
| Equity | US$687.76m |
| Total liabilities | US$177.20m |
| Total assets | US$864.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATGL's short term assets ($25.7M) do not cover its short term liabilities ($41.5M).
Long Term Liabilities: ATGL's short term assets ($25.7M) do not cover its long term liabilities ($135.8M).
Debt to Equity History and Analysis
Debt Level: ATGL's net debt to equity ratio (16.7%) 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 (47.9%).
Interest Coverage: ATGL's interest payments on its debt are not well covered by EBIT (2.5x coverage).