Electrovaya Balance Sheet Health
Financial Health criteria checks 2/6
Electrovaya has a total shareholder equity of $7.6M and total debt of $18.2M, which brings its debt-to-equity ratio to 238.4%. Its total assets and total liabilities are $37.8M and $30.2M respectively. Electrovaya's EBIT is $1.8M making its interest coverage ratio 0.6. It has cash and short-term investments of $534.0K.
Key information
238.4%
Debt to equity ratio
US$18.16m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$534.00k |
| Equity | US$7.62m |
| Total liabilities | US$30.19m |
| Total assets | US$37.81m |
Recent financial health updates
Here's Why Electrovaya (TSE:ELVA) Has A Meaningful Debt Burden
Aug 03
These 4 Measures Indicate That Electrovaya (TSE:ELVA) Is Using Debt Extensively
Dec 05Is Electrovaya (TSE:ELVA) A Risky Investment?
Aug 30Recent updates
Not Many Are Piling Into Electrovaya Inc. (TSE:ELVA) Just Yet
Sep 16Electrovaya Inc. (TSE:ELVA) Analysts Are Reducing Their Forecasts For Next Year
Aug 15Here's Why Electrovaya (TSE:ELVA) Has A Meaningful Debt Burden
Aug 03Market Cool On Electrovaya Inc.'s (TSE:ELVA) Revenues
May 21These 4 Measures Indicate That Electrovaya (TSE:ELVA) Is Using Debt Extensively
Dec 05Is Electrovaya (TSE:ELVA) A Risky Investment?
Aug 30What We Learned About Electrovaya's (TSE:EFL) CEO Pay
Feb 16If You Had Bought Electrovaya (TSE:EFL) Shares A Year Ago You'd Have Earned 629% Returns
Jan 12
Financial Position Analysis
Short Term Liabilities: ELVA's short term assets ($27.6M) do not cover its short term liabilities ($27.9M).
Long Term Liabilities: ELVA's short term assets ($27.6M) exceed its long term liabilities ($2.2M).
Debt to Equity History and Analysis
Debt Level: ELVA's net debt to equity ratio (231.4%) is considered high.
Reducing Debt: ELVA had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: ELVA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ELVA's interest payments on its debt are not well covered by EBIT (0.6x coverage).