Canlan Ice Sports Balance Sheet Health
Financial Health criteria checks 2/6
Canlan Ice Sports has a total shareholder equity of CA$44.6M and total debt of CA$42.1M, which brings its debt-to-equity ratio to 94.5%. Its total assets and total liabilities are CA$124.2M and CA$79.6M respectively. Canlan Ice Sports's EBIT is CA$4.2M making its interest coverage ratio 0.9. It has cash and short-term investments of CA$17.8M.
Key information
94.5%
Debt to equity ratio
CA$42.11m
Debt
| Interest coverage ratio | 0.9x |
| Cash | CA$17.80m |
| Equity | CA$44.59m |
| Total liabilities | CA$79.63m |
| Total assets | CA$124.22m |
Recent financial health updates
We Think Canlan Ice Sports (TSE:ICE) Can Stay On Top Of Its Debt
Aug 20
Here'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
Canlan Ice Sports (TSE:ICE) Is Due To Pay A Dividend Of CA$0.03
Nov 20Canlan Ice Sports (TSE:ICE) Is Paying Out A Dividend Of CA$0.03
Jun 19It's Probably Less Likely That Canlan Ice Sports Corp.'s (TSE:ICE) CEO Will See A Huge Pay Rise This Year
Jun 13We 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$24.2M) do not cover its short term liabilities (CA$29.9M).
Long Term Liabilities: ICE's short term assets (CA$24.2M) do not cover its long term liabilities (CA$49.7M).
Debt to Equity History and Analysis
Debt Level: ICE's net debt to equity ratio (54.5%) is considered high.
Reducing Debt: ICE's debt to equity ratio has reduced from 121.6% to 94.5% over the past 5 years.
Debt Coverage: ICE's debt is well covered by operating cash flow (27.7%).
Interest Coverage: ICE's interest payments on its debt are not well covered by EBIT (0.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 19:30 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Canlan Ice Sports Corp. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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