Ascent Industries Balance Sheet Health
Financial Health criteria checks 6/6
Ascent Industries has a total shareholder equity of $94.7M and total debt of $641.0K, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are $148.6M and $53.9M respectively.
Key information
0.7%
Debt to equity ratio
US$641.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$8.55m |
| Equity | US$94.71m |
| Total liabilities | US$53.91m |
| Total assets | US$148.62m |
Recent financial health updates
Ascent Industries (NASDAQ:ACNT) Has Debt But No Earnings; Should You Worry?
Sep 08
We Think Ascent Industries (NASDAQ:ACNT) Is Taking Some Risk With Its Debt
Apr 15Is Ascent Industries (NASDAQ:ACNT) A Risky Investment?
Jan 12Is Ascent Industries (NASDAQ:ACNT) A Risky Investment?
Sep 07Is Synalloy (NASDAQ:SYNL) A Risky Investment?
May 18Recent updates
Ascent Industries: Operations Are Improving Again
Feb 17Ascent Industries Co.'s (NASDAQ:ACNT) Prospects Need A Boost To Lift Shares
Dec 28Ascent Industries (NASDAQ:ACNT) Has Debt But No Earnings; Should You Worry?
Sep 08We Think Ascent Industries (NASDAQ:ACNT) Is Taking Some Risk With Its Debt
Apr 15Is Ascent Industries (NASDAQ:ACNT) A Risky Investment?
Jan 12Is Ascent Industries (NASDAQ:ACNT) A Risky Investment?
Sep 07Synalloy GAAP EPS of $1.06, revenue of $116.2M
Aug 09Is Synalloy (NASDAQ:SYNL) A Risky Investment?
May 18Shareholders Will Be Pleased With The Quality of Synalloy's (NASDAQ:SYNL) Earnings
Nov 16Synalloy reports Q1 results
May 10Synalloy reports Q3 results
Nov 09Financial Position Analysis
Short Term Liabilities: ACNT's short term assets ($82.8M) exceed its short term liabilities ($22.0M).
Long Term Liabilities: ACNT's short term assets ($82.8M) exceed its long term liabilities ($31.9M).
Debt to Equity History and Analysis
Debt Level: ACNT has more cash than its total debt.
Reducing Debt: ACNT's debt to equity ratio has reduced from 77.7% to 0.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ACNT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ACNT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.9% per year.