Avance Gas Holding Balance Sheet Health

Financial Health criteria checks 5/6

Avance Gas Holding has a total shareholder equity of $603.3M and total debt of $365.2M, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are $1.1B and $517.2M respectively. Avance Gas Holding's EBIT is $198.6M making its interest coverage ratio 9.3. It has cash and short-term investments of $268.3M.

Key information

60.5%

Debt to equity ratio

US$365.20m

Debt

Interest coverage ratio9.3x
CashUS$268.29m
EquityUS$603.32m
Total liabilitiesUS$517.15m
Total assetsUS$1.12b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 0QTX's short term assets ($324.3M) exceed its short term liabilities ($60.0M).

Long Term Liabilities: 0QTX's short term assets ($324.3M) do not cover its long term liabilities ($457.1M).


Debt to Equity History and Analysis

Debt Level: 0QTX's net debt to equity ratio (16.1%) is considered satisfactory.

Reducing Debt: 0QTX's debt to equity ratio has reduced from 149.3% to 60.5% over the past 5 years.

Debt Coverage: 0QTX's debt is well covered by operating cash flow (62.6%).

Interest Coverage: 0QTX's interest payments on its debt are well covered by EBIT (9.3x coverage).


Balance Sheet


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