Ecolomondo Balance Sheet Health

Financial Health criteria checks 2/6

Ecolomondo has a total shareholder equity of CA$3.0M and total debt of CA$37.9M, which brings its debt-to-equity ratio to 1249.2%. Its total assets and total liabilities are CA$47.0M and CA$44.0M respectively.

Key information

1,249.2%

Debt to equity ratio

CA$37.94m

Debt

Interest coverage ration/a
CashCA$37.72k
EquityCA$3.04m
Total liabilitiesCA$43.97m
Total assetsCA$47.00m

Recent financial health updates

Recent updates

Is Ecolomondo (CVE:ECM) Using Debt Sensibly?

Jan 13
Is Ecolomondo (CVE:ECM) Using Debt Sensibly?

We Think Ecolomondo (CVE:ECM) Has A Fair Chunk Of Debt

Sep 28
We Think Ecolomondo (CVE:ECM) Has A Fair Chunk Of Debt

Here's Why Ecolomondo (CVE:ECM) Can Afford Some Debt

Jun 09
Here's Why Ecolomondo (CVE:ECM) Can Afford Some Debt

Ecolomondo (CVE:ECM) Is Carrying A Fair Bit Of Debt

Jun 15
Ecolomondo (CVE:ECM) Is Carrying A Fair Bit Of Debt

Ecolomondo (CVE:ECM) Is Making Moderate Use Of Debt

Jul 10
Ecolomondo (CVE:ECM) Is Making Moderate Use Of Debt

Here's Why Ecolomondo (CVE:ECM) Can Afford Some Debt

Dec 31
Here's Why Ecolomondo (CVE:ECM) Can Afford Some Debt

Financial Position Analysis

Short Term Liabilities: ECM's short term assets (CA$384.4K) do not cover its short term liabilities (CA$7.1M).

Long Term Liabilities: ECM's short term assets (CA$384.4K) do not cover its long term liabilities (CA$36.8M).


Debt to Equity History and Analysis

Debt Level: ECM's net debt to equity ratio (1248%) is considered high.

Reducing Debt: ECM's debt to equity ratio has increased from 54.2% to 1249.2% 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: ECM has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ECM is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.


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