Ascendis Health Balance Sheet Health
Financial Health criteria checks 5/6
Ascendis Health has a total shareholder equity of ZAR618.3M and total debt of ZAR4.8M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are ZAR1.1B and ZAR444.6M respectively. Ascendis Health's EBIT is ZAR7.6M making its interest coverage ratio 5.3. It has cash and short-term investments of ZAR50.6M.
Key information
0.8%
Debt to equity ratio
R4.80m
Debt
| Interest coverage ratio | 5.3x |
| Cash | R50.63m |
| Equity | R618.27m |
| Total liabilities | R444.58m |
| Total assets | R1.06b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ASC's short term assets (ZAR768.5M) exceed its short term liabilities (ZAR408.9M).
Long Term Liabilities: ASC's short term assets (ZAR768.5M) exceed its long term liabilities (ZAR35.7M).
Debt to Equity History and Analysis
Debt Level: ASC has more cash than its total debt.
Reducing Debt: ASC's debt to equity ratio has reduced from 294.4% to 0.8% over the past 5 years.
Debt Coverage: ASC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ASC's interest payments on its debt are well covered by EBIT (5.3x coverage).