Avance Gas Holding Balance Sheet Health
Financial Health criteria checks 5/6
Avance Gas Holding has a total shareholder equity of $603.3M and total debt of $365.2M, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are $1.1B and $517.2M respectively. Avance Gas Holding's EBIT is $198.6M making its interest coverage ratio 9.3. It has cash and short-term investments of $268.3M.
Key information
60.5%
Debt to equity ratio
US$365.20m
Debt
| Interest coverage ratio | 9.3x |
| Cash | US$268.29m |
| Equity | US$603.32m |
| Total liabilities | US$517.15m |
| Total assets | US$1.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVAC.F's short term assets ($324.3M) exceed its short term liabilities ($60.0M).
Long Term Liabilities: AVAC.F's short term assets ($324.3M) do not cover its long term liabilities ($457.1M).
Debt to Equity History and Analysis
Debt Level: AVAC.F's net debt to equity ratio (16.1%) is considered satisfactory.
Reducing Debt: AVAC.F's debt to equity ratio has reduced from 149.3% to 60.5% over the past 5 years.
Debt Coverage: AVAC.F's debt is well covered by operating cash flow (62.6%).
Interest Coverage: AVAC.F's interest payments on its debt are well covered by EBIT (9.3x coverage).