Canlan Ice Sports Balance Sheet Health
Financial Health criteria checks 2/6
Canlan Ice Sports has a total shareholder equity of CA$44.7M and total debt of CA$42.9M, which brings its debt-to-equity ratio to 96.2%. Its total assets and total liabilities are CA$122.0M and CA$77.3M respectively. Canlan Ice Sports's EBIT is CA$1.9M making its interest coverage ratio 0.8. It has cash and short-term investments of CA$19.0M.
Key information
96.2%
Debt to equity ratio
CA$42.95m
Debt
Interest coverage ratio | 0.8x |
Cash | CA$19.03m |
Equity | CA$44.66m |
Total liabilities | CA$77.34m |
Total assets | CA$122.00m |
Recent financial health updates
We Think Canlan Ice Sports (TSE:ICE) Can Stay On Top Of Its Debt
Aug 20Here's Why Canlan Ice Sports (TSE:ICE) Has A Meaningful Debt Burden
Aug 19Is Canlan Ice Sports (TSE:ICE) Weighed On By Its Debt Load?
Nov 05Does Canlan Ice Sports (TSE:ICE) Have A Healthy Balance Sheet?
Jun 09Is Canlan Ice Sports (TSE:ICE) A Risky Investment?
Feb 24Recent updates
We Think Canlan Ice Sports (TSE:ICE) Can Stay On Top Of Its Debt
Aug 20Here's Why Canlan Ice Sports (TSE:ICE) Has A Meaningful Debt Burden
Aug 19Is Canlan Ice Sports (TSE:ICE) Weighed On By Its Debt Load?
Nov 05Does Canlan Ice Sports (TSE:ICE) Have A Healthy Balance Sheet?
Jun 09Is Canlan Ice Sports (TSE:ICE) A Risky Investment?
Feb 24Financial Position Analysis
Short Term Liabilities: ICE's short term assets (CA$23.9M) do not cover its short term liabilities (CA$29.2M).
Long Term Liabilities: ICE's short term assets (CA$23.9M) do not cover its long term liabilities (CA$48.2M).
Debt to Equity History and Analysis
Debt Level: ICE's net debt to equity ratio (53.6%) is considered high.
Reducing Debt: ICE's debt to equity ratio has reduced from 102% to 96.2% over the past 5 years.
Debt Coverage: ICE's debt is well covered by operating cash flow (21.7%).
Interest Coverage: ICE's interest payments on its debt are not well covered by EBIT (0.8x coverage).