Asetek Balance Sheet Health
Financial Health criteria checks 4/6
Asetek has a total shareholder equity of $66.1M and total debt of $17.2M, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are $102.7M and $36.6M respectively. Asetek's EBIT is $10.3M making its interest coverage ratio -37.1. It has cash and short-term investments of $9.1M.
Key information
26.0%
Debt to equity ratio
US$17.22m
Debt
Interest coverage ratio | -37.1x |
Cash | US$9.12m |
Equity | US$66.13m |
Total liabilities | US$36.61m |
Total assets | US$102.74m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0QDT's short term assets ($30.8M) do not cover its short term liabilities ($34.0M).
Long Term Liabilities: 0QDT's short term assets ($30.8M) exceed its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: 0QDT's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: 0QDT's debt to equity ratio has increased from 1.9% to 26% over the past 5 years.
Debt Coverage: 0QDT's debt is well covered by operating cash flow (94.6%).
Interest Coverage: 0QDT earns more interest than it pays, so coverage of interest payments is not a concern.