Avax Balance Sheet Health
Financial Health criteria checks 3/6
Avax has a total shareholder equity of €157.3M and total debt of €266.2M, which brings its debt-to-equity ratio to 169.2%. Its total assets and total liabilities are €1.2B and €1.1B respectively. Avax's EBIT is €17.6M making its interest coverage ratio 0.8. It has cash and short-term investments of €81.2M.
Key information
169.2%
Debt to equity ratio
€266.24m
Debt
| Interest coverage ratio | 0.8x |
| Cash | €81.17m |
| Equity | €157.33m |
| Total liabilities | €1.09b |
| Total assets | €1.25b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Avax (ATH:AVAX) Is Using Debt Extensively
Nov 27
We Think You Can Look Beyond Avax's (ATH:AVAX) Lackluster Earnings
May 08There's Reason For Concern Over Avax S.A.'s (ATH:AVAX) Massive 25% Price Jump
Dec 18We Ran A Stock Scan For Earnings Growth And Avax (ATH:AVAX) Passed With Ease
Sep 08There Are Some Holes In Avax's (ATH:AVAX) Solid Earnings Release
May 03What Type Of Shareholders Own The Most Number of Avax S.A. (ATH:AVAX) Shares?
Feb 04
Avax (ATH:AVAX) Has Gifted Shareholders With A Fantastic 180% Total Return On Their Investment
Dec 06Financial Position Analysis
Short Term Liabilities: AVAX's short term assets (€747.6M) exceed its short term liabilities (€576.0M).
Long Term Liabilities: AVAX's short term assets (€747.6M) exceed its long term liabilities (€516.2M).
Debt to Equity History and Analysis
Debt Level: AVAX's net debt to equity ratio (117.6%) is considered high.
Reducing Debt: AVAX's debt to equity ratio has reduced from 666.9% to 169.2% over the past 5 years.
Debt Coverage: AVAX's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: AVAX's interest payments on its debt are not well covered by EBIT (0.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 08:18 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Avax S.A. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Costas Theodorou | CA Cheuvreux |
| Natalya Davies | Edison Investment Research |
| Mina Lagounari | Eurobank Equities Investment Firm S.A. |