Asetek Balance Sheet Health
Financial Health criteria checks 4/6
Asetek has a total shareholder equity of $63.1M and total debt of $18.3M, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are $104.3M and $41.2M respectively. Asetek's EBIT is $2.3M making its interest coverage ratio -24.5. It has cash and short-term investments of $7.1M.
Key information
29.0%
Debt to equity ratio
US$18.27m
Debt
| Interest coverage ratio | -24.5x |
| Cash | US$7.10m |
| Equity | US$63.06m |
| Total liabilities | US$41.21m |
| Total assets | US$104.28m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASTKO's short term assets ($39.3M) exceed its short term liabilities ($22.6M).
Long Term Liabilities: ASTKO's short term assets ($39.3M) exceed its long term liabilities ($18.6M).
Debt to Equity History and Analysis
Debt Level: ASTKO's net debt to equity ratio (17.7%) is considered satisfactory.
Reducing Debt: ASTKO's debt to equity ratio has increased from 2.8% to 29% over the past 5 years.
Debt Coverage: ASTKO's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: ASTKO earns more interest than it pays, so coverage of interest payments is not a concern.