BioRem Balance Sheet Health
Financial Health criteria checks 5/6
BioRem has a total shareholder equity of CA$7.4M and total debt of CA$2.8M, which brings its debt-to-equity ratio to 38.5%. Its total assets and total liabilities are CA$22.1M and CA$14.7M respectively. BioRem's EBIT is CA$4.5M making its interest coverage ratio 17.1. It has cash and short-term investments of CA$5.9M.
Key information
38.5%
Debt to equity ratio
CA$2.84m
Debt
| Interest coverage ratio | 17.1x |
| Cash | CA$5.90m |
| Equity | CA$7.37m |
| Total liabilities | CA$14.69m |
| Total assets | CA$22.06m |
Recent financial health updates
BioRem (CVE:BRM) Has A Pretty Healthy Balance Sheet
Jan 25
Is BioRem (CVE:BRM) Using Too Much Debt?
Aug 26Here's Why BioRem (CVE:BRM) Can Manage Its Debt Responsibly
Mar 23BioRem (CVE:BRM) Could Easily Take On More Debt
Aug 25These 4 Measures Indicate That BIOREM (CVE:BRM) Is Using Debt Reasonably Well
May 20Recent updates
Solid Earnings May Not Tell The Whole Story For BioRem (CVE:BRM)
Apr 19BioRem Inc. (CVE:BRM) Soars 35% But It's A Story Of Risk Vs Reward
Apr 12BioRem (CVE:BRM) Has A Pretty Healthy Balance Sheet
Jan 25Is BioRem (CVE:BRM) Using Too Much Debt?
Aug 26Here's Why BioRem (CVE:BRM) Can Manage Its Debt Responsibly
Mar 23BioRem (CVE:BRM) Could Easily Take On More Debt
Aug 25These 4 Measures Indicate That BIOREM (CVE:BRM) Is Using Debt Reasonably Well
May 20Here's What's Concerning About BIOREM's (CVE:BRM) Returns On Capital
Jan 26Key Things To Understand About BIOREM's (CVE:BRM) CEO Pay Cheque
Nov 23
Financial Position Analysis
Short Term Liabilities: BRM's short term assets (CA$18.4M) exceed its short term liabilities (CA$11.4M).
Long Term Liabilities: BRM's short term assets (CA$18.4M) exceed its long term liabilities (CA$3.3M).
Debt to Equity History and Analysis
Debt Level: BRM has more cash than its total debt.
Reducing Debt: BRM's debt to equity ratio has increased from 0% to 38.5% over the past 5 years.
Debt Coverage: BRM's debt is well covered by operating cash flow (129.2%).
Interest Coverage: BRM's interest payments on its debt are well covered by EBIT (17.1x coverage).