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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/11/09 06:24 |
| End of Day Share Price | 2023/11/06 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Avid Technology, Inc. is covered by 12 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Barbara Coffey | Brigantine Advisors |
| Michael Nichols | B. Riley Securities, Inc. |
| Jeffrey Rath | Canaccord Genuity |