Aveng Balance Sheet Health
Financial Health criteria checks 6/6
Aveng has a total shareholder equity of A$282.0M and total debt of A$19.1M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are A$1.3B and A$980.7M respectively. Aveng's EBIT is A$39.8M making its interest coverage ratio 4.9. It has cash and short-term investments of A$227.7M.
Key information
6.8%
Debt to equity ratio
AU$19.09m
Debt
| Interest coverage ratio | 4.9x |
| Cash | AU$227.68m |
| Equity | AU$281.96m |
| Total liabilities | AU$980.71m |
| Total assets | AU$1.26b |
Financial Position Analysis
Short Term Liabilities: AEG's short term assets (A$817.3M) exceed its short term liabilities (A$805.4M).
Long Term Liabilities: AEG's short term assets (A$817.3M) exceed its long term liabilities (A$175.3M).
Debt to Equity History and Analysis
Debt Level: AEG has more cash than its total debt.
Reducing Debt: AEG's debt to equity ratio has reduced from 76.2% to 6.8% over the past 5 years.
Debt Coverage: AEG's debt is well covered by operating cash flow (719.8%).
Interest Coverage: AEG's interest payments on its debt are well covered by EBIT (4.9x coverage).