Héroux-Devtek Balance Sheet Health
Financial Health criteria checks 4/6
Héroux-Devtek has a total shareholder equity of CA$407.7M and total debt of CA$207.2M, which brings its debt-to-equity ratio to 50.8%. Its total assets and total liabilities are CA$874.6M and CA$466.9M respectively. Héroux-Devtek's EBIT is CA$42.2M making its interest coverage ratio 3.6. It has cash and short-term investments of CA$6.4M.
Key information
50.8%
Debt to equity ratio
CA$207.17m
Debt
| Interest coverage ratio | 3.6x |
| Cash | CA$6.41m |
| Equity | CA$407.66m |
| Total liabilities | CA$466.95m |
| Total assets | CA$874.60m |
Recent financial health updates
Recent updates
Results: Héroux-Devtek Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 10
Is Now The Time To Look At Buying Héroux-Devtek Inc. (TSE:HRX)?
Feb 09At CA$16.20, Is Héroux-Devtek Inc. (TSE:HRX) Worth Looking At Closely?
Feb 03Is It Time To Consider Buying Héroux-Devtek Inc. (TSE:HRX)?
Jun 11We Like Héroux-Devtek's (TSE:HRX) Earnings For More Than Just Statutory Profit
May 27Calculating The Fair Value Of Héroux-Devtek Inc. (TSE:HRX)
May 04Is Héroux-Devtek (TSE:HRX) Using Too Much Debt?
Apr 03Our Take On The Returns On Capital At Héroux-Devtek (TSE:HRX)
Mar 04This Insider Has Just Sold Shares In Héroux-Devtek Inc. (TSE:HRX)
Feb 17Is There Now An Opportunity In Héroux-Devtek Inc. (TSE:HRX)?
Feb 04A Look At The Intrinsic Value Of Héroux-Devtek Inc. (TSE:HRX)
Jan 20
A Look At Héroux-Devtek's (TSE:HRX) Share Price Returns
Jan 02What You Need To Know About Héroux-Devtek Inc.'s (TSE:HRX) Investor Composition
Dec 18How Much Are Héroux-Devtek Inc. (TSE:HRX) Insiders Spending On Buying Shares?
Dec 03Results: Héroux-Devtek Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Nov 18Financial Position Analysis
Short Term Liabilities: HRX's short term assets (CA$481.7M) exceed its short term liabilities (CA$220.1M).
Long Term Liabilities: HRX's short term assets (CA$481.7M) exceed its long term liabilities (CA$246.9M).
Debt to Equity History and Analysis
Debt Level: HRX's net debt to equity ratio (49.2%) is considered high.
Reducing Debt: HRX's debt to equity ratio has reduced from 73.4% to 50.8% over the past 5 years.
Debt Coverage: HRX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HRX's interest payments on its debt are well covered by EBIT (3.6x coverage).