SolarBank Balance Sheet Health
Financial Health criteria checks 1/6
SolarBank has a total shareholder equity of CA$63.4M and total debt of CA$57.6M, which brings its debt-to-equity ratio to 90.8%. Its total assets and total liabilities are CA$181.0M and CA$117.6M respectively. SolarBank's EBIT is CA$752.3K making its interest coverage ratio 0.4. It has cash and short-term investments of CA$15.8M.
Key information
90.8%
Debt to equity ratio
CA$57.58m
Debt
| Interest coverage ratio | 0.4x |
| Cash | CA$15.84m |
| Equity | CA$63.40m |
| Total liabilities | CA$117.60m |
| Total assets | CA$181.00m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SUNN's short term assets (CA$32.8M) do not cover its short term liabilities (CA$36.1M).
Long Term Liabilities: SUNN's short term assets (CA$32.8M) do not cover its long term liabilities (CA$81.5M).
Debt to Equity History and Analysis
Debt Level: SUNN's net debt to equity ratio (65.8%) is considered high.
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 (27.7%).
Interest Coverage: SUNN's interest payments on its debt are not well covered by EBIT (0.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 01:02 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
SolarBank Corporation is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Amit Dayal | H.C. Wainwright & Co. |
| Venkata Velagapudi | Research Capital Corporation |