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.