Earthworks Industries Balance Sheet Health
Financial Health criteria checks 2/6
Earthworks Industries has a total shareholder equity of CA$7.0M and total debt of CA$4.2M, which brings its debt-to-equity ratio to 59.4%. Its total assets and total liabilities are CA$12.7M and CA$5.6M respectively.
Key information
59.4%
Debt to equity ratio
CA$4.18m
Debt
Interest coverage ratio | n/a |
Cash | CA$559.71k |
Equity | CA$7.04m |
Total liabilities | CA$5.63m |
Total assets | CA$12.66m |
Recent financial health updates
Here's Why Earthworks Industries (CVE:EWK) Can Afford Some Debt
Aug 09Earthworks Industries (CVE:EWK) Is Carrying A Fair Bit Of Debt
Apr 06We Think Earthworks Industries (CVE:EWK) Has A Fair Chunk Of Debt
Jul 22Is Earthworks Industries (CVE:EWK) A Risky Investment?
Apr 08Here's Why Earthworks Industries (CVE:EWK) Can Afford Some Debt
Dec 24Is Earthworks Industries (CVE:EWK) A Risky Investment?
Sep 08Recent updates
Here's Why Earthworks Industries (CVE:EWK) Can Afford Some Debt
Aug 09Earthworks Industries (CVE:EWK) Is Carrying A Fair Bit Of Debt
Apr 06We Think Earthworks Industries (CVE:EWK) Has A Fair Chunk Of Debt
Jul 22Is Earthworks Industries (CVE:EWK) A Risky Investment?
Apr 08Here's Why Earthworks Industries (CVE:EWK) Can Afford Some Debt
Dec 24Is Earthworks Industries (CVE:EWK) A Risky Investment?
Sep 08Financial Position Analysis
Short Term Liabilities: EWK's short term assets (CA$689.3K) do not cover its short term liabilities (CA$5.6M).
Long Term Liabilities: EWK has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EWK's net debt to equity ratio (51.5%) is considered high.
Reducing Debt: EWK's debt to equity ratio has reduced from 317.4% to 59.4% over the past 5 years.
Debt Coverage: EWK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if EWK's interest payments on its debt are well covered by EBIT.