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.