Avant Brands Balance Sheet Health
Financial Health criteria checks 6/6
Avant Brands has a total shareholder equity of CA$48.8M and total debt of CA$6.8M, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are CA$80.6M and CA$31.7M respectively.
Key information
13.9%
Debt to equity ratio
CA$6.79m
Debt
Interest coverage ratio | n/a |
Cash | CA$1.82m |
Equity | CA$48.83m |
Total liabilities | CA$31.73m |
Total assets | CA$80.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVTB.F's short term assets (CA$34.1M) exceed its short term liabilities (CA$18.3M).
Long Term Liabilities: AVTB.F's short term assets (CA$34.1M) exceed its long term liabilities (CA$13.5M).
Debt to Equity History and Analysis
Debt Level: AVTB.F's net debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: AVTB.F's debt to equity ratio has reduced from 17.9% to 13.9% 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 AVTB.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AVTB.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50.6% per year.