Auction Technology Group Balance Sheet Health
Financial Health criteria checks 3/6
Auction Technology Group has a total shareholder equity of £530.0M and total debt of £121.8M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are £726.0M and £196.1M respectively. Auction Technology Group's EBIT is £25.3M making its interest coverage ratio 2.3. It has cash and short-term investments of £8.5M.
Key information
23.0%
Debt to equity ratio
UK£121.83m
Debt
| Interest coverage ratio | 2.3x |
| Cash | UK£8.54m |
| Equity | UK£529.96m |
| Total liabilities | UK£196.08m |
| Total assets | UK£726.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATHG.F's short term assets (£26.5M) do not cover its short term liabilities (£43.0M).
Long Term Liabilities: ATHG.F's short term assets (£26.5M) do not cover its long term liabilities (£153.1M).
Debt to Equity History and Analysis
Debt Level: ATHG.F's net debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: ATHG.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: ATHG.F's debt is well covered by operating cash flow (40.7%).
Interest Coverage: ATHG.F's interest payments on its debt are not well covered by EBIT (2.3x coverage).