Electrovaya Balance Sheet Health
Financial Health criteria checks 2/6
Electrovaya has a total shareholder equity of $7.5M and total debt of $16.3M, which brings its debt-to-equity ratio to 217.4%. Its total assets and total liabilities are $35.5M and $27.9M respectively. Electrovaya's EBIT is $1.9M making its interest coverage ratio 1.4. It has cash and short-term investments of $628.0K.
Key information
217.4%
Debt to equity ratio
US$16.34m
Debt
Interest coverage ratio | 1.4x |
Cash | US$628.00k |
Equity | US$7.52m |
Total liabilities | US$27.94m |
Total assets | US$35.45m |
Recent financial health updates
These 4 Measures Indicate That Electrovaya (TSE:ELVA) Is Using Debt Extensively
Dec 05Is Electrovaya (TSE:ELVA) A Risky Investment?
Aug 30Recent updates
These 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 12Electrovaya Inc.'s (TSE:EFL) Profit Outlook
Nov 20Financial Position Analysis
Short Term Liabilities: ELVA's short term assets ($24.8M) do not cover its short term liabilities ($25.2M).
Long Term Liabilities: ELVA's short term assets ($24.8M) exceed its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: ELVA's net debt to equity ratio (209%) 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 (1.4x coverage).