BluMetric Environmental Balance Sheet Health
Financial Health criteria checks 5/6
BluMetric Environmental has a total shareholder equity of CA$12.5M and total debt of CA$696.0K, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are CA$21.2M and CA$8.7M respectively. BluMetric Environmental's EBIT is CA$671.7K making its interest coverage ratio 3.6. It has cash and short-term investments of CA$1.5M.
Key information
5.6%
Debt to equity ratio
CA$695.96k
Debt
| Interest coverage ratio | 3.6x |
| Cash | CA$1.45m |
| Equity | CA$12.48m |
| Total liabilities | CA$8.74m |
| Total assets | CA$21.22m |
Recent financial health updates
BluMetric Environmental (CVE:BLM) Has A Rock Solid Balance Sheet
Dec 03
Is BluMetric Environmental (CVE:BLM) A Risky Investment?
Jul 30Is BluMetric Environmental (CVE:BLM) Using Too Much Debt?
Apr 30Is BluMetric Environmental (CVE:BLM) A Risky Investment?
Jan 30Recent updates
Returns On Capital At BluMetric Environmental (CVE:BLM) Paint A Concerning Picture
Apr 12Earnings Not Telling The Story For BluMetric Environmental Inc. (CVE:BLM) After Shares Rise 40%
Feb 14Take Care Before Diving Into The Deep End On BluMetric Environmental Inc. (CVE:BLM)
Dec 23There Are Reasons To Feel Uneasy About BluMetric Environmental's (CVE:BLM) Returns On Capital
Jul 07BluMetric Environmental (CVE:BLM) Will Be Hoping To Turn Its Returns On Capital Around
Mar 15BluMetric Environmental (CVE:BLM) Has A Rock Solid Balance Sheet
Dec 03Is BluMetric Environmental (CVE:BLM) A Risky Investment?
Jul 30Is BluMetric Environmental (CVE:BLM) Using Too Much Debt?
Apr 30It Looks Like Shareholders Would Probably Approve BluMetric Environmental Inc.'s (CVE:BLM) CEO Compensation Package
Mar 18BluMetric Environmental Inc.'s (CVE:BLM) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Mar 06Is BluMetric Environmental (CVE:BLM) A Risky Investment?
Jan 30Financial Position Analysis
Short Term Liabilities: BLM's short term assets (CA$17.4M) exceed its short term liabilities (CA$6.2M).
Long Term Liabilities: BLM's short term assets (CA$17.4M) exceed its long term liabilities (CA$2.5M).
Debt to Equity History and Analysis
Debt Level: BLM has more cash than its total debt.
Reducing Debt: BLM's debt to equity ratio has reduced from 77.6% to 5.6% over the past 5 years.
Debt Coverage: BLM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BLM's interest payments on its debt are well covered by EBIT (3.6x coverage).