Ecolomondo Balance Sheet Health
Financial Health criteria checks 0/6
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 ratio | n/a |
Cash | CA$37.72k |
Equity | CA$3.04m |
Total liabilities | CA$43.97m |
Total assets | CA$47.00m |
Recent financial health updates
Is Ecolomondo (CVE:ECM) Using Debt Sensibly?
Jan 13We Think Ecolomondo (CVE:ECM) Has A Fair Chunk Of Debt
Sep 28Here's Why Ecolomondo (CVE:ECM) Can Afford Some Debt
Jun 09Ecolomondo (CVE:ECM) Is Carrying A Fair Bit Of Debt
Jun 15Ecolomondo (CVE:ECM) Is Making Moderate Use Of Debt
Jul 10Here's Why Ecolomondo (CVE:ECM) Can Afford Some Debt
Dec 31Recent updates
Is Ecolomondo (CVE:ECM) Using Debt Sensibly?
Jan 13We Think Ecolomondo (CVE:ECM) Has A Fair Chunk Of Debt
Sep 28Here's Why Ecolomondo (CVE:ECM) Can Afford Some Debt
Jun 09Ecolomondo (CVE:ECM) Is Carrying A Fair Bit Of Debt
Jun 15Ecolomondo (CVE:ECM) Is Making Moderate Use Of Debt
Jul 10Here's Why Ecolomondo (CVE:ECM) Can Afford Some Debt
Dec 31Financial 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ECM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 20.8% each year