AmeraMex International Balance Sheet Health
Financial Health criteria checks 3/6
AmeraMex International has a total shareholder equity of $4.6M and total debt of $11.2M, which brings its debt-to-equity ratio to 243.5%. Its total assets and total liabilities are $22.6M and $18.0M respectively. AmeraMex International's EBIT is $471.0K making its interest coverage ratio 0.5. It has cash and short-term investments of $122.8K.
Key information
243.5%
Debt to equity ratio
US$11.19m
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$122.81k |
| Equity | US$4.60m |
| Total liabilities | US$18.01m |
| Total assets | US$22.61m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AMMX's short term assets ($14.7M) exceed its short term liabilities ($11.3M).
Long Term Liabilities: AMMX's short term assets ($14.7M) exceed its long term liabilities ($6.8M).
Debt to Equity History and Analysis
Debt Level: AMMX's net debt to equity ratio (240.8%) is considered high.
Reducing Debt: AMMX's debt to equity ratio has reduced from 346.6% to 243.5% over the past 5 years.
Debt Coverage: AMMX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AMMX's interest payments on its debt are not well covered by EBIT (0.5x coverage).