Ceres Global Ag Balance Sheet Health
Financial Health criteria checks 3/6
Ceres Global Ag has a total shareholder equity of $151.6M and total debt of $68.6M, which brings its debt-to-equity ratio to 45.3%. Its total assets and total liabilities are $281.8M and $130.3M respectively. Ceres Global Ag's EBIT is $10.7M making its interest coverage ratio 1.7. It has cash and short-term investments of $5.8M.
Key information
45.3%
Debt to equity ratio
US$68.64m
Debt
Interest coverage ratio | 1.7x |
Cash | US$5.77m |
Equity | US$151.59m |
Total liabilities | US$130.25m |
Total assets | US$281.84m |
Recent financial health updates
Is Ceres Global Ag (TSE:CRP) Using Too Much Debt?
Feb 15Does Ceres Global Ag (TSE:CRP) Have A Healthy Balance Sheet?
Oct 24Does Ceres Global Ag (TSE:CRP) Have A Healthy Balance Sheet?
Jul 22These 4 Measures Indicate That Ceres Global Ag (TSE:CRP) Is Using Debt In A Risky Way
Feb 07Ceres Global Ag (TSE:CRP) Takes On Some Risk With Its Use Of Debt
Sep 17Here's Why Ceres Global Ag (TSE:CRP) Has A Meaningful Debt Burden
Nov 17Recent updates
Ceres Global Ag's (TSE:CRP) Earnings Might Not Be As Promising As They Seem
Feb 21Is Ceres Global Ag (TSE:CRP) Using Too Much Debt?
Feb 15Does Ceres Global Ag (TSE:CRP) Have A Healthy Balance Sheet?
Oct 24Does Ceres Global Ag (TSE:CRP) Have A Healthy Balance Sheet?
Jul 22Ceres Global Ag (TSE:CRP) Is Looking To Continue Growing Its Returns On Capital
May 13These 4 Measures Indicate That Ceres Global Ag (TSE:CRP) Is Using Debt In A Risky Way
Feb 07Ceres Global Ag (TSE:CRP) Takes On Some Risk With Its Use Of Debt
Sep 17Ceres Global Ag (TSE:CRP) Shareholders Will Want The ROCE Trajectory To Continue
Jul 27Investors Will Want Ceres Global Ag's (TSE:CRP) Growth In ROCE To Persist
Mar 01Here's Why Ceres Global Ag (TSE:CRP) Has A Meaningful Debt Burden
Nov 17Ceres Global Ag (TSE:CRP) Seems To Be Using A Lot Of Debt
Mar 30Is Ceres Global Ag Corp. (TSE:CRP) Popular Amongst Institutions?
Mar 04Does Ceres Global Ag (TSE:CRP) Have The Makings Of A Multi-Bagger?
Feb 06How Much Did Ceres Global Ag's(TSE:CRP) Shareholders Earn From Share Price Movements Over The Last Five Years?
Jan 11Should You Use Ceres Global Ag's (TSE:CRP) Statutory Earnings To Analyse It?
Dec 15Does Ceres Global Ag (TSE:CRP) Have A Healthy Balance Sheet?
Nov 19Financial Position Analysis
Short Term Liabilities: CRP's short term assets ($145.4M) exceed its short term liabilities ($88.4M).
Long Term Liabilities: CRP's short term assets ($145.4M) exceed its long term liabilities ($41.8M).
Debt to Equity History and Analysis
Debt Level: CRP's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: CRP's debt to equity ratio has reduced from 50.4% to 45.3% over the past 5 years.
Debt Coverage: CRP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CRP's interest payments on its debt are not well covered by EBIT (1.7x coverage).