Accordant Group Balance Sheet Health
Financial Health criteria checks 1/6
Accordant Group has a total shareholder equity of NZ$22.6M and total debt of NZ$26.5M, which brings its debt-to-equity ratio to 117.1%. Its total assets and total liabilities are NZ$78.2M and NZ$55.6M respectively. Accordant Group's EBIT is NZ$1.7M making its interest coverage ratio 0.6. It has cash and short-term investments of NZ$2.1M.
Key information
117.1%
Debt to equity ratio
NZ$26.50m
Debt
Interest coverage ratio | 0.6x |
Cash | NZ$2.09m |
Equity | NZ$22.64m |
Total liabilities | NZ$55.58m |
Total assets | NZ$78.21m |
Recent financial health updates
Here's Why Accordant Group (NZSE:AGL) Is Weighed Down By Its Debt Load
Jul 15Is Accordant Group (NZSE:AGL) Using Too Much Debt?
Nov 29Here'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 22Recent updates
Here's Why Accordant Group (NZSE:AGL) Is Weighed Down By Its Debt Load
Jul 15Risks 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$23.1M) exceed its short term liabilities (NZ$21.3M).
Long Term Liabilities: AGL's short term assets (NZ$23.1M) do not cover its long term liabilities (NZ$34.2M).
Debt to Equity History and Analysis
Debt Level: AGL's net debt to equity ratio (107.8%) is considered high.
Reducing Debt: AGL's debt to equity ratio has increased from 94.8% to 117.1% over the past 5 years.
Debt Coverage: AGL's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: AGL's interest payments on its debt are not well covered by EBIT (0.6x coverage).