CTI Logistics Balance Sheet Health
Financial Health criteria checks 4/6
CTI Logistics has a total shareholder equity of A$116.7M and total debt of A$38.4M, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are A$248.9M and A$132.2M respectively. CTI Logistics's EBIT is A$23.1M making its interest coverage ratio 5.3. It has cash and short-term investments of A$7.2M.
Key information
32.9%
Debt to equity ratio
AU$38.41m
Debt
| Interest coverage ratio | 5.3x |
| Cash | AU$7.20m |
| Equity | AU$116.72m |
| Total liabilities | AU$132.21m |
| Total assets | AU$248.92m |
Recent financial health updates
Is CTI Logistics (ASX:CLX) Using Too Much Debt?
Nov 24
CTI Logistics (ASX:CLX) Seems To Use Debt Quite Sensibly
Dec 20Is CTI Logistics (ASX:CLX) Using Too Much Debt?
May 30Recent updates
Increases to CTI Logistics Limited's (ASX:CLX) CEO Compensation Might Cool off for now
Nov 18CTI Logistics (ASX:CLX) Has Announced That It Will Be Increasing Its Dividend To A$0.05
Sep 05Do CTI Logistics' (ASX:CLX) Earnings Warrant Your Attention?
Jul 10There's Been No Shortage Of Growth Recently For CTI Logistics' (ASX:CLX) Returns On Capital
Apr 12CTI Logistics' (ASX:CLX) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 24Should You Be Adding CTI Logistics (ASX:CLX) To Your Watchlist Today?
Jan 20Is CTI Logistics (ASX:CLX) Using Too Much Debt?
Nov 24Here's Why We Think CTI Logistics (ASX:CLX) Is Well Worth Watching
Sep 03CTI Logistics (ASX:CLX) Seems To Use Debt Quite Sensibly
Dec 20CTI Logistics' (ASX:CLX) Strong Earnings Are Of Good Quality
Sep 06Is CTI Logistics (ASX:CLX) Using Too Much Debt?
May 30What Does CTI Logistics' (ASX:CLX) CEO Pay Reveal?
Jan 31How Many CTI Logistics Limited (ASX:CLX) Shares Did Insiders Buy, In The Last Year?
Dec 06Financial Position Analysis
Short Term Liabilities: CLX's short term assets (A$48.6M) do not cover its short term liabilities (A$50.6M).
Long Term Liabilities: CLX's short term assets (A$48.6M) do not cover its long term liabilities (A$81.6M).
Debt to Equity History and Analysis
Debt Level: CLX's net debt to equity ratio (26.7%) is considered satisfactory.
Reducing Debt: CLX's debt to equity ratio has reduced from 49.3% to 32.9% over the past 5 years.
Debt Coverage: CLX's debt is well covered by operating cash flow (104.9%).
Interest Coverage: CLX's interest payments on its debt are well covered by EBIT (5.3x coverage).