United Corporations Balance Sheet Health
Financial Health criteria checks 3/6
Uniteds has a total shareholder equity of CA$2.0B and total debt of CA$40.0M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CA$2.1B and CA$98.2M respectively. Uniteds's EBIT is CA$368.8M making its interest coverage ratio 1066. It has cash and short-term investments of CA$33.8M.
Key information
2.0%
Debt to equity ratio
CA$40.00m
Debt
Interest coverage ratio | 1066x |
Cash | CA$33.82m |
Equity | CA$2.04b |
Total liabilities | CA$98.21m |
Total assets | CA$2.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UNC's short term assets (CA$35.9M) do not cover its short term liabilities (CA$51.4M).
Long Term Liabilities: UNC's short term assets (CA$35.9M) do not cover its long term liabilities (CA$46.8M).
Debt to Equity History and Analysis
Debt Level: UNC's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: UNC's debt to equity ratio has increased from 0% to 2% over the past 5 years.
Debt Coverage: UNC's debt is well covered by operating cash flow (111.4%).
Interest Coverage: UNC's interest payments on its debt are well covered by EBIT (1066x coverage).