Solution Financial Balance Sheet Health
Financial Health criteria checks 2/6
Solution Financial has a total shareholder equity of CA$12.7M and total debt of CA$11.7M, which brings its debt-to-equity ratio to 91.7%. Its total assets and total liabilities are CA$27.8M and CA$15.1M respectively. Solution Financial's EBIT is CA$973.0K making its interest coverage ratio 1. It has cash and short-term investments of CA$646.0K.
Key information
91.7%
Debt to equity ratio
CA$11.68m
Debt
Interest coverage ratio | 1x |
Cash | CA$645.95k |
Equity | CA$12.73m |
Total liabilities | CA$15.05m |
Total assets | CA$27.78m |
Recent financial health updates
No updates
Recent updates
Why Investors Shouldn't Be Surprised By Solution Financial Inc.'s (TSE:SFI) Low P/S
Dec 23Solution Financial Inc.'s (TSE:SFI) Business Is Yet to Catch Up With Its Share Price
Oct 14If You Like EPS Growth Then Check Out Solution Financial (CVE:SFI) Before It's Too Late
Sep 05I Ran A Stock Scan For Earnings Growth And Solution Financial (CVE:SFI) Passed With Ease
Apr 07If You Like EPS Growth Then Check Out Solution Financial (CVE:SFI) Before It's Too Late
Jan 05Financial Position Analysis
Short Term Liabilities: SFI's short term assets (CA$13.0M) exceed its short term liabilities (CA$7.8M).
Long Term Liabilities: SFI's short term assets (CA$13.0M) exceed its long term liabilities (CA$7.3M).
Debt to Equity History and Analysis
Debt Level: SFI's net debt to equity ratio (86.7%) is considered high.
Reducing Debt: SFI's debt to equity ratio has increased from 34.7% to 91.7% over the past 5 years.
Debt Coverage: SFI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SFI's interest payments on its debt are not well covered by EBIT (1x coverage).