GFL Environmental Balance Sheet Health
Financial Health criteria checks 3/6
GFL Environmental has a total shareholder equity of CA$7.0B and total debt of CA$9.5B, which brings its debt-to-equity ratio to 136%. Its total assets and total liabilities are CA$20.1B and CA$13.1B respectively. GFL Environmental's EBIT is CA$408.3M making its interest coverage ratio 0.7. It has cash and short-term investments of CA$99.5M.
Key information
136.0%
Debt to equity ratio
CA$9.53b
Debt
| Interest coverage ratio | 0.7x |
| Cash | CA$99.50m |
| Equity | CA$7.01b |
| Total liabilities | CA$13.13b |
| Total assets | CA$20.14b |
Recent financial health updates
We Think GFL Environmental (TSE:GFL) Can Stay On Top Of Its Debt
Nov 01
We Think GFL Environmental (TSE:GFL) Is Taking Some Risk With Its Debt
Feb 17Recent updates
GFL Environmental Inc. (TSE:GFL) Investors Are Less Pessimistic Than Expected
Dec 21We Think GFL Environmental (TSE:GFL) Can Stay On Top Of Its Debt
Nov 01An Intrinsic Calculation For GFL Environmental Inc. (TSE:GFL) Suggests It's 27% Undervalued
Jul 12GFL Environmental Inc.'s (TSE:GFL) Popularity With Investors Is Under Threat From Overpricing
Jun 14What Does GFL Environmental Inc.'s (TSE:GFL) Share Price Indicate?
May 24An Intrinsic Calculation For GFL Environmental Inc. (TSE:GFL) Suggests It's 23% Undervalued
Apr 09We Think GFL Environmental (TSE:GFL) Is Taking Some Risk With Its Debt
Feb 17Is Now An Opportune Moment To Examine GFL Environmental Inc. (TSE:GFL)?
Jan 30Revenues Not Telling The Story For GFL Environmental Inc. (TSE:GFL)
Dec 22Financial Position Analysis
Short Term Liabilities: GFL's short term assets (CA$1.6B) do not cover its short term liabilities (CA$2.8B).
Long Term Liabilities: GFL's short term assets (CA$1.6B) do not cover its long term liabilities (CA$10.4B).
Debt to Equity History and Analysis
Debt Level: GFL's net debt to equity ratio (134.6%) is considered high.
Reducing Debt: GFL's debt to equity ratio has reduced from 232.1% to 136% 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 GFL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GFL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.9% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:38 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 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
GFL Environmental Inc. is covered by 26 analysts. 17 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 |
|---|---|
| Christopher Murray | ATB Capital Markets |
| Moses Sutton | Barclays |
| Moses Sutton | Barclays |