Ravensource Fund Balance Sheet Health
Financial Health criteria checks 4/6
Ravensource Fund has a total shareholder equity of CA$21.8M and total debt of CA$2.8M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are CA$24.8M and CA$3.0M respectively. Ravensource Fund's EBIT is CA$2.1M making its interest coverage ratio 31.6. It has cash and short-term investments of CA$24.7M.
Key information
13.0%
Debt to equity ratio
CA$2.84m
Debt
| Interest coverage ratio | 31.6x |
| Cash | CA$24.65m |
| Equity | CA$21.84m |
| Total liabilities | CA$2.97m |
| Total assets | CA$24.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAV.UN's short term assets (CA$24.8M) exceed its short term liabilities (CA$3.0M).
Long Term Liabilities: RAV.UN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RAV.UN has more cash than its total debt.
Reducing Debt: RAV.UN's debt to equity ratio has increased from 0% to 13% over the past 5 years.
Debt Coverage: RAV.UN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RAV.UN's interest payments on its debt are well covered by EBIT (31.6x coverage).