Advanced Health Balance Sheet Health
Financial Health criteria checks 4/6
Advanced Health has a total shareholder equity of ZAR238.8M and total debt of ZAR203.6M, which brings its debt-to-equity ratio to 85.3%. Its total assets and total liabilities are ZAR1.1B and ZAR860.3M respectively. Advanced Health's EBIT is ZAR61.0M making its interest coverage ratio 1.1. It has cash and short-term investments of ZAR2.7M.
Key information
85.3%
Debt to equity ratio
R203.58m
Debt
| Interest coverage ratio | 1.1x |
| Cash | R2.73m |
| Equity | R238.77m |
| Total liabilities | R860.25m |
| Total assets | R1.10b |
Recent financial health updates
Is Advanced Health (JSE:AVL) A Risky Investment?
Apr 18
Auditors Have Doubts About Advanced Health (JSE:AVL)
Oct 14Does Advanced Health (JSE:AVL) Have A Healthy Balance Sheet?
Jun 26Recent updates
Investors Will Want Advanced Health's (JSE:AVL) Growth In ROCE To Persist
Jun 10Is Advanced Health (JSE:AVL) A Risky Investment?
Apr 18Advanced Health's (JSE:AVL) Returns On Capital Are Heading Higher
Jan 31Auditors Have Doubts About Advanced Health (JSE:AVL)
Oct 14Returns At Advanced Health (JSE:AVL) Are On The Way Up
Jun 29The Return Trends At Advanced Health (JSE:AVL) Look Promising
Mar 16Advanced Health's (JSE:AVL) Returns On Capital Are Heading Higher
Sep 02Does Advanced Health (JSE:AVL) Have A Healthy Balance Sheet?
Jun 26Here's What To Make Of Advanced Health's (JSE:AVL) Decelerating Rates Of Return
Apr 28Read This Before Selling Advanced Health Limited (JSE:AVL) Shares
Feb 28Financial Position Analysis
Short Term Liabilities: AVL's short term assets (ZAR853.4M) exceed its short term liabilities (ZAR512.0M).
Long Term Liabilities: AVL's short term assets (ZAR853.4M) exceed its long term liabilities (ZAR348.2M).
Debt to Equity History and Analysis
Debt Level: AVL's net debt to equity ratio (84.1%) is considered high.
Reducing Debt: AVL's debt to equity ratio has increased from 50.8% to 85.3% 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 AVL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AVL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 57.4% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/09/29 04:56 |
| End of Day Share Price | 2023/09/19 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/06/30 |
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 |
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| Ownership | 10 years |
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| 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
Advanced Health Limited is covered by 1 analysts. 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 |
|---|---|
| Pui Li | Macquarie Research |