Canadian General Investments Balance Sheet Health
Financial Health criteria checks 5/6
Canadian General Investments has a total shareholder equity of CA$1.2B and total debt of CA$175.0M, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are CA$1.3B and CA$177.7M respectively. Canadian General Investments's EBIT is CA$183.9M making its interest coverage ratio 19.6. It has cash and short-term investments of CA$1.3B.
Key information
15.1%
Debt to equity ratio
CA$175.00m
Debt
Interest coverage ratio | 19.6x |
Cash | CA$1.34b |
Equity | CA$1.16b |
Total liabilities | CA$177.65m |
Total assets | CA$1.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGI's short term assets (CA$1.3B) exceed its short term liabilities (CA$177.7M).
Long Term Liabilities: CGI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CGI has more cash than its total debt.
Reducing Debt: CGI's debt to equity ratio has reduced from 24.8% to 15.1% over the past 5 years.
Debt Coverage: CGI's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: CGI's interest payments on its debt are well covered by EBIT (19.6x coverage).