Bri-Chem Balance Sheet Health
Financial Health criteria checks 5/6
Bri-Chem has a total shareholder equity of CA$21.2M and total debt of CA$21.7M, which brings its debt-to-equity ratio to 102.3%. Its total assets and total liabilities are CA$57.1M and CA$35.9M respectively.
Key information
102.3%
Debt to equity ratio
CA$21.74m
Debt
| Interest coverage ratio | 0.4x |
| Cash | n/a |
| Equity | CA$21.25m |
| Total liabilities | CA$35.85m |
| Total assets | CA$57.10m |
Recent financial health updates
No updates
Recent updates
Some Investors May Be Worried About Bri-Chem's (TSE:BRY) Returns On Capital
Sep 10
Bri-Chem (TSE:BRY) Hasn't Managed To Accelerate Its Returns
May 22Bri-Chem Corp.'s (TSE:BRY) Shares Leap 28% Yet They're Still Not Telling The Full Story
Feb 07Bri-Chem Corp.'s (TSE:BRY) Shares Not Telling The Full Story
Aug 29Returns On Capital Are A Standout For Bri-Chem (TSE:BRY)
Mar 31Bri-Chem (TSE:BRY) Knows How To Allocate Capital Effectively
Jun 11We Think That There Are Issues Underlying Bri-Chem's (TSE:BRY) Earnings
Apr 06Bri-Chem's (TSE:BRY) Returns On Capital Are Heading Higher
Dec 31Financial Position Analysis
Short Term Liabilities: BRY's short term assets (CA$42.6M) exceed its short term liabilities (CA$28.9M).
Long Term Liabilities: BRY's short term assets (CA$42.6M) exceed its long term liabilities (CA$6.9M).
Debt to Equity History and Analysis
Debt Level: BRY's net debt to equity ratio (102.3%) is considered high.
Reducing Debt: BRY's debt to equity ratio has reduced from 127.3% to 102.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BRY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BRY is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 9.9% per year.