Avance Gas Holding Financial Health
How is Avance Gas Holding's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 0QTX's short term assets ($232.5M) exceed its short term liabilities ($50.6M).
Long Term Liabilities: 0QTX's short term assets ($232.5M) do not cover its long term liabilities ($461.3M).
Debt to Equity History and Analysis
Debt Level: 0QTX's net debt to equity ratio (38.3%) is considered satisfactory.
Reducing Debt: 0QTX's debt to equity ratio has reduced from 113.1% to 72.8% over the past 5 years.
Debt Coverage: 0QTX's debt is well covered by operating cash flow (21.9%).
Interest Coverage: 0QTX's interest payments on its debt are well covered by EBIT (3.7x coverage).