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
No updates
Recent updates
Financial 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).