Earthworks Industries Balance Sheet Health
Financial Health criteria checks 2/6
Earthworks Industries has a total shareholder equity of CA$7.2M and total debt of CA$3.8M, which brings its debt-to-equity ratio to 53%. Its total assets and total liabilities are CA$12.5M and CA$5.3M respectively.
Key information
53.0%
Debt to equity ratio
CA$3.82m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$84.14k |
| Equity | CA$7.21m |
| Total liabilities | CA$5.28m |
| Total assets | CA$12.49m |
Recent financial health updates
Here's Why Earthworks Industries (CVE:EWK) Can Afford Some Debt
Aug 09
Earthworks 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$159.8K) do not cover its short term liabilities (CA$5.3M).
Long Term Liabilities: EWK has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EWK's net debt to equity ratio (51.8%) is considered high.
Reducing Debt: EWK's debt to equity ratio has reduced from 326.9% to 53% 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.