This company has been acquired
Avid Technology Balance Sheet Health
Financial Health criteria checks 0/6
Avid Technology has a total shareholder equity of $-123.2M and total debt of $218.0M, which brings its debt-to-equity ratio to -176.9%. Its total assets and total liabilities are $273.7M and $396.9M respectively. Avid Technology's EBIT is $22.5M making its interest coverage ratio 1.4. It has cash and short-term investments of $21.0M.
Key information
-176.9%
Debt to equity ratio
US$217.97m
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$20.96m |
| Equity | -US$123.18m |
| Total liabilities | US$396.92m |
| Total assets | US$273.74m |
Recent financial health updates
Recent updates
Calculating The Fair Value Of Avid Technology, Inc. (NASDAQ:AVID)
Aug 07
Returns on Capital Paint A Bright Future For Avid Technology (NASDAQ:AVID)
Jul 02Is Avid Technology, Inc. (NASDAQ:AVID) Potentially Undervalued?
May 27Do Avid Technology's (NASDAQ:AVID) Earnings Warrant Your Attention?
Apr 21At US$31.33, Is It Time To Put Avid Technology, Inc. (NASDAQ:AVID) On Your Watch List?
Feb 16Is Avid Technology, Inc. (NASDAQ:AVID) Trading At A 22% Discount?
Jan 03Here's Why Avid Technology (NASDAQ:AVID) Has Caught The Eye Of Investors
Dec 16At US$24.73, Is It Time To Put Avid Technology, Inc. (NASDAQ:AVID) On Your Watch List?
Nov 03Avid Technology announces amended credit facility
Oct 13Avid Technology, Inc.'s (NASDAQ:AVID) Intrinsic Value Is Potentially 90% Above Its Share Price
Sep 23Avid Technology jumps 10% on joining SmallCap 600
Aug 29Should You Be Adding Avid Technology (NASDAQ:AVID) To Your Watchlist Today?
Aug 21What Is Avid Technology, Inc.'s (NASDAQ:AVID) Share Price Doing?
Aug 03Amazon Studios and Avid Technology join hands for production editorial in the AWS Cloud
Aug 02Avid Continues To Deliver, Seat-Based Model Raises Concerns
Jul 27Should You Be Adding Avid Technology (NASDAQ:AVID) To Your Watchlist Today?
May 17Avid Technology: Sell Off After Earnings Is Unjustified
May 06Avid Technology Continues Its Recurring Revenue Push And Is Reasonably Valued
Apr 06Financial Position Analysis
Short Term Liabilities: AVID has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AVID has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AVID has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AVID's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AVID's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AVID's interest payments on its debt are not well covered by EBIT (1.4x coverage).