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$9.7B, which brings its debt-to-equity ratio to 139.1%. Its total assets and total liabilities are CA$20.3B and CA$13.3B respectively. GFL Environmental's EBIT is CA$379.9M making its interest coverage ratio 0.7. It has cash and short-term investments of CA$134.2M.
Key information
139.1%
Debt to equity ratio
CA$9.68b
Debt
| Interest coverage ratio | 0.7x |
| Cash | CA$134.20m |
| Equity | CA$6.96b |
| Total liabilities | CA$13.32b |
| Total assets | CA$20.28b |
Recent financial health updates
We Think GFL Environmental (TSE:GFL) Is Taking Some Risk With Its Debt
Feb 17
Is GFL Environmental (TSE:GFL) A Risky Investment?
Nov 14Here's Why GFL Environmental (TSE:GFL) Can Manage Its Debt Responsibly
Aug 15We Think GFL Environmental (TSE:GFL) Can Stay On Top Of Its Debt
May 09Is GFL Environmental (TSE:GFL) A Risky Investment?
Feb 06GFL Environmental (TSE:GFL) Has A Somewhat Strained Balance Sheet
Nov 04Recent updates
An 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 22Is GFL Environmental (TSE:GFL) A Risky Investment?
Nov 14Is Now An Opportune Moment To Examine GFL Environmental Inc. (TSE:GFL)?
Oct 27GFL Environmental Inc.'s (TSE:GFL) Intrinsic Value Is Potentially 28% Above Its Share Price
Sep 20Here's Why GFL Environmental (TSE:GFL) Can Manage Its Debt Responsibly
Aug 15Is Now An Opportune Moment To Examine GFL Environmental Inc. (TSE:GFL)?
Jul 28GFL Environmental Inc.'s (TSE:GFL) Share Price Could Signal Some Risk
Jun 13We Think GFL Environmental (TSE:GFL) Can Stay On Top Of Its Debt
May 09Estimating The Fair Value Of GFL Environmental Inc. (TSE:GFL)
Apr 18Is GFL Environmental (TSE:GFL) A Risky Investment?
Feb 06When Should You Buy GFL Environmental Inc. (TSE:GFL)?
Jan 19Calculating The Intrinsic Value Of GFL Environmental Inc. (TSE:GFL)
Dec 29GFL Environmental (TSE:GFL) Has A Somewhat Strained Balance Sheet
Nov 04Financial Position Analysis
Short Term Liabilities: GFL's short term assets (CA$1.6B) do not cover its short term liabilities (CA$1.8B).
Long Term Liabilities: GFL's short term assets (CA$1.6B) do not cover its long term liabilities (CA$11.5B).
Debt to Equity History and Analysis
Debt Level: GFL's net debt to equity ratio (137.2%) is considered high.
Reducing Debt: GFL's debt to equity ratio has reduced from 224.3% to 139.1% 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 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 33.4% per year.