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Héroux-Devtek Balance Sheet Health
Financial Health criteria checks 6/6
Héroux-Devtek has a total shareholder equity of CA$469.2M and total debt of CA$125.5M, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are CA$959.7M and CA$490.5M respectively. Héroux-Devtek's EBIT is CA$79.9M making its interest coverage ratio 5.4. It has cash and short-term investments of CA$1.2M.
Key information
26.75%
Debt to equity ratio
CA$125.50m
Debt
| Interest coverage ratio | 5.4x |
| Cash | CA$1.15m |
| Equity | CA$469.22m |
| Total liabilities | CA$490.47m |
| Total assets | CA$959.69m |
Financial Position Analysis
Short Term Liabilities: HRX's short term assets (CA$544.5M) exceed its short term liabilities (CA$255.1M).
Long Term Liabilities: HRX's short term assets (CA$544.5M) exceed its long term liabilities (CA$235.4M).
Debt to Equity History and Analysis
Debt Level: HRX's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: HRX's debt to equity ratio has reduced from 58.9% to 26.7% over the past 5 years.
Debt Coverage: HRX's debt is well covered by operating cash flow (35.7%).
Interest Coverage: HRX's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/11 16:13 |
| End of Day Share Price | 2025/02/11 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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 |
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| 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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
Héroux-Devtek Inc. is covered by 7 analysts. 2 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 |
|---|---|
| David Newman | ATB Cormark Historical (Cormark Securities) |
| Cameron Doerksen | Cantor Fitzgerald Canada Corporation |
| Benoit Poirier | Desjardins Securities Inc. |