Accordant Group Balance Sheet Health
Financial Health criteria checks 2/6
Accordant Group has a total shareholder equity of NZ$34.8M and total debt of NZ$24.5M, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are NZ$93.3M and NZ$58.5M respectively. Accordant Group's EBIT is NZ$4.5M making its interest coverage ratio 2. It has cash and short-term investments of NZ$3.4M.
Key information
70.4%
Debt to equity ratio
NZ$24.50m
Debt
| Interest coverage ratio | 2x |
| Cash | NZ$3.36m |
| Equity | NZ$34.81m |
| Total liabilities | NZ$58.48m |
| Total assets | NZ$93.29m |
Recent financial health updates
Is Accordant Group (NZSE:AGL) Using Too Much Debt?
Nov 29
Here's Why Accordant Group (NZSE:AGL) Has A Meaningful Debt Burden
Aug 02Is Accordant Group (NZSE:AGL) Using Too Much Debt?
Jun 01Is Accordant Group (NZSE:AGL) Using Too Much Debt?
Sep 14Accordant Group (NZSE:AGL) Has A Pretty Healthy Balance Sheet
Mar 22Accordant Group (NZSE:AGL) Has A Pretty Healthy Balance Sheet
Dec 21Recent updates
Risks Still Elevated At These Prices As Accordant Group Limited (NZSE:AGL) Shares Dive 27%
Mar 18Is Accordant Group (NZSE:AGL) Using Too Much Debt?
Nov 29Accordant Group (NZSE:AGL) Is Paying Out Less In Dividends Than Last Year
Oct 31Here's Why Accordant Group (NZSE:AGL) Has A Meaningful Debt Burden
Aug 02Accordant Group (NZSE:AGL) Is Paying Out A Dividend Of NZ$0.065
Nov 16Accordant Group (NZSE:AGL) Is Due To Pay A Dividend Of NZ$0.065
Oct 28Is Accordant Group (NZSE:AGL) Using Too Much Debt?
Jun 01Is Accordant Group (NZSE:AGL) Using Too Much Debt?
Sep 14Should You Be Adding Accordant Group (NZSE:AGL) To Your Watchlist Today?
May 31Accordant Group (NZSE:AGL) Has A Pretty Healthy Balance Sheet
Mar 22Can Mixed Fundamentals Have A Negative Impact on Accordant Group Limited (NZSE:AGL) Current Share Price Momentum?
Jan 28Accordant Group (NZSE:AGL) Has A Pretty Healthy Balance Sheet
Dec 21Here's Why Accordant Group's (NZSE:AGL) Statutory Earnings Are Arguably Too Conservative
Nov 25Financial Position Analysis
Short Term Liabilities: AGL's short term assets (NZ$26.2M) exceed its short term liabilities (NZ$24.1M).
Long Term Liabilities: AGL's short term assets (NZ$26.2M) do not cover its long term liabilities (NZ$34.4M).
Debt to Equity History and Analysis
Debt Level: AGL's net debt to equity ratio (60.7%) is considered high.
Reducing Debt: AGL's debt to equity ratio has reduced from 89% to 70.4% over the past 5 years.
Debt Coverage: AGL's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: AGL's interest payments on its debt are not well covered by EBIT (2x coverage).