BioRem Balance Sheet Health
Financial Health criteria checks 5/6
BioRem has a total shareholder equity of CA$4.5M and total debt of CA$3.1M, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are CA$17.6M and CA$13.1M respectively. BioRem's EBIT is CA$1.4M making its interest coverage ratio 6.1. It has cash and short-term investments of CA$2.4M.
Key information
69.2%
Debt to equity ratio
CA$3.11m
Debt
Interest coverage ratio | 6.1x |
Cash | CA$2.38m |
Equity | CA$4.49m |
Total liabilities | CA$13.13m |
Total assets | CA$17.62m |
Recent financial health updates
BioRem (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 20Recent updates
BioRem (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 23Financial Position Analysis
Short Term Liabilities: BRM's short term assets (CA$14.1M) exceed its short term liabilities (CA$10.4M).
Long Term Liabilities: BRM's short term assets (CA$14.1M) exceed its long term liabilities (CA$2.8M).
Debt to Equity History and Analysis
Debt Level: BRM's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: BRM's debt to equity ratio has increased from 0% to 69.2% over the past 5 years.
Debt Coverage: BRM's debt is well covered by operating cash flow (101.6%).
Interest Coverage: BRM's interest payments on its debt are well covered by EBIT (6.1x coverage).