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H2O Innovation Balance Sheet Health
Financial Health criteria checks 4/6
H2O Innovation has a total shareholder equity of CA$100.7M and total debt of CA$55.5M, which brings its debt-to-equity ratio to 55.1%. Its total assets and total liabilities are CA$217.5M and CA$116.8M respectively. H2O Innovation's EBIT is CA$7.0M making its interest coverage ratio 1.1. It has cash and short-term investments of CA$7.6M.
Key information
55.1%
Debt to equity ratio
CA$55.47m
Debt
| Interest coverage ratio | 1.1x |
| Cash | CA$7.57m |
| Equity | CA$100.66m |
| Total liabilities | CA$116.81m |
| Total assets | CA$217.47m |
Recent financial health updates
H2O Innovation (TSE:HEO) Has A Somewhat Strained Balance Sheet
Mar 16
H2O Innovation (TSE:HEO) Seems To Use Debt Quite Sensibly
Aug 31H2O Innovation (CVE:HEO) Seems To Use Debt Quite Sensibly
Jan 22Does H2O Innovation (CVE:HEO) Have A Healthy Balance Sheet?
May 20We Think H2O Innovation (CVE:HEO) Can Stay On Top Of Its Debt
Feb 01Recent updates
H2O Innovation (TSE:HEO) Has A Somewhat Strained Balance Sheet
Mar 16H2O Innovation (TSE:HEO) Shareholders Will Want The ROCE Trajectory To Continue
Jan 26Is H2O Innovation Inc. (TSE:HEO) Trading At A 33% Discount?
Dec 22Is There Now An Opportunity In H2O Innovation Inc. (TSE:HEO)?
Oct 08H2O Innovation (TSE:HEO) Seems To Use Debt Quite Sensibly
Aug 31Getting In Cheap On H2O Innovation Inc. (TSE:HEO) Might Be Difficult
Aug 12What Is H2O Innovation Inc.'s (TSE:HEO) Share Price Doing?
May 25H2O Innovation Inc. (TSE:HEO) Shares Could Be 48% Below Their Intrinsic Value Estimate
May 10Is Now The Time To Look At Buying H2O Innovation Inc. (CVE:HEO)?
Feb 12H2O Innovation (CVE:HEO) Seems To Use Debt Quite Sensibly
Jan 22It's Unlikely That H2O Innovation Inc.'s (CVE:HEO) CEO Will See A Huge Pay Rise This Year
Dec 02H2O Innovation (CVE:HEO) Is Experiencing Growth In Returns On Capital
Nov 13At CA$2.77, Is It Time To Put H2O Innovation Inc. (CVE:HEO) On Your Watch List?
Aug 17H2O Innovation's (CVE:HEO) Returns On Capital Are Heading Higher
Jul 27Does H2O Innovation (CVE:HEO) Have A Healthy Balance Sheet?
May 20We Think H2O Innovation's (CVE:HEO) Profit Is Only A Baseline For What They Can Achieve
May 20Is There Now An Opportunity In H2O Innovation Inc. (CVE:HEO)?
May 02There's Been No Shortage Of Growth Recently For H2O Innovation's (CVE:HEO) Returns On Capital
Mar 26H2O Innovation Inc.'s (CVE:HEO) Has Found A Path To Profitability
Mar 08Are H2O Innovation Inc. (CVE:HEO) Investors Paying Above The Intrinsic Value?
Feb 18We Think H2O Innovation (CVE:HEO) Can Stay On Top Of Its Debt
Feb 01Is It Time To Consider Buying H2O Innovation Inc. (CVE:HEO)?
Jan 10Shareholders Are Thrilled That The H2O Innovation (CVE:HEO) Share Price Increased 102%
Dec 28Trade Alert: The Independent Vice Chairman of the Board Of H2O Innovation Inc. (CVE:HEO), Richard Hoel, Has Sold Some Shares Recently
Dec 16
Will the Promising Trends At H2O Innovation (CVE:HEO) Continue?
Dec 09Does H2O Innovation's (CVE:HEO) CEO Salary Compare Well With The Performance Of The Company?
Nov 26Financial Position Analysis
Short Term Liabilities: HEO's short term assets (CA$87.4M) exceed its short term liabilities (CA$41.7M).
Long Term Liabilities: HEO's short term assets (CA$87.4M) exceed its long term liabilities (CA$75.1M).
Debt to Equity History and Analysis
Debt Level: HEO's net debt to equity ratio (47.6%) is considered high.
Reducing Debt: HEO's debt to equity ratio has increased from 49.2% to 55.1% 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 HEO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HEO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.4% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/12 12:31 |
| End of Day Share Price | 2023/12/11 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2023/06/30 |
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 |
| |
| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
H2O Innovation Inc. is covered by 14 analysts. 4 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 |
|---|---|
| Nick Corcoran | Acumen Capital Finance Partners Limited |
| Gabriel Leung | Beacon Securities Limited |
| Yuri Lynk | Canaccord Genuity |