Avance Gas Holding Balance Sheet Health
Financial Health criteria checks 4/6
Avance Gas Holding has a total shareholder equity of $603.8M and total debt of $456.3M, which brings its debt-to-equity ratio to 75.6%. Its total assets and total liabilities are $1.2B and $549.8M respectively. Avance Gas Holding's EBIT is $182.6M making its interest coverage ratio 9.4. It has cash and short-term investments of $136.5M.
Key information
75.6%
Debt to equity ratio
US$456.27m
Debt
Interest coverage ratio | 9.4x |
Cash | US$136.47m |
Equity | US$603.79m |
Total liabilities | US$549.79m |
Total assets | US$1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVAC.F's short term assets ($253.8M) exceed its short term liabilities ($95.4M).
Long Term Liabilities: AVAC.F's short term assets ($253.8M) do not cover its long term liabilities ($454.4M).
Debt to Equity History and Analysis
Debt Level: AVAC.F's net debt to equity ratio (53%) is considered high.
Reducing Debt: AVAC.F's debt to equity ratio has reduced from 135.5% to 75.6% over the past 5 years.
Debt Coverage: AVAC.F's debt is well covered by operating cash flow (36.2%).
Interest Coverage: AVAC.F's interest payments on its debt are well covered by EBIT (9.4x coverage).