Altex Industries Balance Sheet Health
Financial Health criteria checks 6/6
Altex Industries has a total shareholder equity of $1.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $2.8M and $1.2M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.69m |
| Equity | US$1.59m |
| Total liabilities | US$1.18m |
| Total assets | US$2.77m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: ALTX's short term assets ($2.7M) exceed its short term liabilities ($1.2M).
Long Term Liabilities: ALTX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ALTX is debt free.
Reducing Debt: ALTX has not had any debt for past 5 years.
Debt Coverage: ALTX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ALTX has no debt, therefore coverage of interest payments is not a concern.