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 ration/a
CashUS$2.69m
EquityUS$1.59m
Total liabilitiesUS$1.18m
Total assetsUS$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.


Balance Sheet


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