SolarBank Balance Sheet Health
Financial Health criteria checks 5/6
SolarBank has a total shareholder equity of CA$27.3M and total debt of CA$3.2M, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are CA$39.5M and CA$12.1M respectively. SolarBank's EBIT is CA$2.7M making its interest coverage ratio 106.3. It has cash and short-term investments of CA$8.8M.
Key information
11.6%
Debt to equity ratio
CA$3.17m
Debt
Interest coverage ratio | 106.3x |
Cash | CA$8.81m |
Equity | CA$27.34m |
Total liabilities | CA$12.11m |
Total assets | CA$39.46m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SUNN's short term assets (CA$17.6M) exceed its short term liabilities (CA$8.2M).
Long Term Liabilities: SUNN's short term assets (CA$17.6M) exceed its long term liabilities (CA$3.9M).
Debt to Equity History and Analysis
Debt Level: SUNN has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SUNN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SUNN's debt is well covered by operating cash flow (267.1%).
Interest Coverage: SUNN's interest payments on its debt are well covered by EBIT (106.3x coverage).