AXIL Brands Balance Sheet Health
Financial Health criteria checks 6/6
AXIL Brands has a total shareholder equity of $8.8M and total debt of $147.2K, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are $12.7M and $3.9M respectively. AXIL Brands's EBIT is $1.9M making its interest coverage ratio -16. It has cash and short-term investments of $4.9M.
Key information
1.7%
Debt to equity ratio
US$147.15k
Debt
Interest coverage ratio | -16x |
Cash | US$4.89m |
Equity | US$8.79m |
Total liabilities | US$3.93m |
Total assets | US$12.71m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AXIL's short term assets ($10.0M) exceed its short term liabilities ($3.2M).
Long Term Liabilities: AXIL's short term assets ($10.0M) exceed its long term liabilities ($684.9K).
Debt to Equity History and Analysis
Debt Level: AXIL has more cash than its total debt.
Reducing Debt: AXIL's debt to equity ratio has reduced from 2.9% to 1.7% over the past 5 years.
Debt Coverage: AXIL's debt is well covered by operating cash flow (637.1%).
Interest Coverage: AXIL earns more interest than it pays, so coverage of interest payments is not a concern.