Avacta Group Balance Sheet Health
Financial Health criteria checks 3/6
Avacta Group has a total shareholder equity of £21.8M and total debt of £34.8M, which brings its debt-to-equity ratio to 159.6%. Its total assets and total liabilities are £73.2M and £51.4M respectively.
Key information
159.6%
Debt to equity ratio
UK£34.81m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£16.63m |
| Equity | UK£21.81m |
| Total liabilities | UK£51.39m |
| Total assets | UK£73.19m |
Recent financial health updates
Would Avacta Group (LON:AVCT) Be Better Off With Less Debt?
Jun 22
We're Hopeful That Avacta Group (LON:AVCT) Will Use Its Cash Wisely
Oct 20Avacta Group (LON:AVCT) Is In A Good Position To Deliver On Growth Plans
Jun 20Companies Like Avacta Group (LON:AVCT) Are In A Position To Invest In Growth
Jan 23
Recent updates
Investors Give Avacta Group Plc (LON:AVCT) Shares A 26% Hiding
Feb 23Getting In Cheap On Avacta Group Plc (LON:AVCT) Is Unlikely
Aug 05Would Avacta Group (LON:AVCT) Be Better Off With Less Debt?
Jun 22We're Hopeful That Avacta Group (LON:AVCT) Will Use Its Cash Wisely
Oct 20This Is The Reason Why We Think Avacta Group Plc's (LON:AVCT) CEO Deserves A Bump Up To Their Compensation
Jun 22Avacta Group (LON:AVCT) Is In A Good Position To Deliver On Growth Plans
Jun 20Avacta Group Plc (LON:AVCT) Insiders Have Been Selling
Feb 18Companies Like Avacta Group (LON:AVCT) Are In A Position To Invest In Growth
Jan 23What Kind Of Shareholders Hold The Majority In Avacta Group Plc's (LON:AVCT) Shares?
Dec 27How Is Avacta Group's (LON:AVCT) CEO Paid Relative To Peers?
Dec 06Financial Position Analysis
Short Term Liabilities: AVCT's short term assets (£28.0M) do not cover its short term liabilities (£45.1M).
Long Term Liabilities: AVCT's short term assets (£28.0M) exceed its long term liabilities (£6.3M).
Debt to Equity History and Analysis
Debt Level: AVCT's net debt to equity ratio (83.4%) is considered high.
Reducing Debt: AVCT's debt to equity ratio has increased from 0% to 159.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AVCT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AVCT is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.