Archer Balance Sheet Health
Financial Health criteria checks 4/6
Archer has a total shareholder equity of $196.2M and total debt of $400.8M, which brings its debt-to-equity ratio to 204.3%. Its total assets and total liabilities are $905.7M and $709.5M respectively. Archer's EBIT is $66.8M making its interest coverage ratio 1.3. It has cash and short-term investments of $52.1M.
Key information
204.3%
Debt to equity ratio
US$400.80m
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$52.10m |
| Equity | US$196.20m |
| Total liabilities | US$709.50m |
| Total assets | US$905.70m |
Recent financial health updates
Does Archer (OB:ARCH) Have A Healthy Balance Sheet?
Oct 07
We Think Archer (OB:ARCH) Is Taking Some Risk With Its Debt
Jun 24Archer (OB:ARCH) Use Of Debt Could Be Considered Risky
Aug 14These 4 Measures Indicate That Archer (OB:ARCH) Is Using Debt In A Risky Way
Apr 02Archer (OB:ARCH) Seems To Be Using A Lot Of Debt
Apr 11Archer (OB:ARCH) Seems To Be Using A Lot Of Debt
Dec 16
Recent updates
Archer Limited's (OB:ARCH) Price Is Right But Growth Is Lacking After Shares Rocket 25%
Mar 31Does Archer (OB:ARCH) Have A Healthy Balance Sheet?
Oct 07We Think Archer (OB:ARCH) Is Taking Some Risk With Its Debt
Jun 24Archer (OB:ARCH) Use Of Debt Could Be Considered Risky
Aug 14These 4 Measures Indicate That Archer (OB:ARCH) Is Using Debt In A Risky Way
Apr 02Archer (OB:ARCH) Strong Profits May Be Masking Some Underlying Issues
May 19Archer (OB:ARCH) Seems To Be Using A Lot Of Debt
Apr 11Should You Be Worried About Archer's (OB:ARCH) Returns On Capital?
Feb 16Reflecting on Archer's (OB:ARCH) Share Price Returns Over The Last Three Years
Jan 11Archer (OB:ARCH) Seems To Be Using A Lot Of Debt
Dec 16Financial Position Analysis
Short Term Liabilities: ARCH's short term assets ($354.8M) exceed its short term liabilities ($277.5M).
Long Term Liabilities: ARCH's short term assets ($354.8M) do not cover its long term liabilities ($432.0M).
Debt to Equity History and Analysis
Debt Level: ARCH's net debt to equity ratio (177.7%) is considered high.
Reducing Debt: ARCH's debt to equity ratio has reduced from 411.7% to 204.3% 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: Whilst unprofitable ARCH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ARCH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 12.1% per year.