ACT Energy Technologies Balance Sheet Health
Financial Health criteria checks 4/6
ACT Energy Technologies has a total shareholder equity of CA$200.7M and total debt of CA$97.8M, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are CA$420.4M and CA$219.7M respectively. ACT Energy Technologies's EBIT is CA$52.1M making its interest coverage ratio 5. It has cash and short-term investments of CA$17.0M.
Key information
48.8%
Debt to equity ratio
CA$97.85m
Debt
| Interest coverage ratio | 5x |
| Cash | CA$16.99m |
| Equity | CA$200.70m |
| Total liabilities | CA$219.68m |
| Total assets | CA$420.37m |
Recent financial health updates
Does Cathedral Energy Services (TSE:CET) Have A Healthy Balance Sheet?
Mar 04
Health Check: How Prudently Does Cathedral Energy Services (TSE:CET) Use Debt?
Nov 13Cathedral Energy Services (TSE:CET) Is Carrying A Fair Bit Of Debt
Dec 16Recent updates
Take Care Before Jumping Onto Cathedral Energy Services Ltd. (TSE:CET) Even Though It's 86% Cheaper
Jul 04Cathedral Energy Services Ltd.'s (TSE:CET) CEO Looks Like They Deserve Their Pay Packet
May 03Some May Be Optimistic About Cathedral Energy Services' (TSE:CET) Earnings
Apr 04Does Cathedral Energy Services (TSE:CET) Have A Healthy Balance Sheet?
Mar 04Cathedral Energy Services' (TSE:CET) Earnings Aren't As Good As They Appear
Nov 22Health Check: How Prudently Does Cathedral Energy Services (TSE:CET) Use Debt?
Nov 13Cathedral Energy Services (TSE:CET) Is Carrying A Fair Bit Of Debt
Dec 16Financial Position Analysis
Short Term Liabilities: ACX's short term assets (CA$173.3M) exceed its short term liabilities (CA$119.6M).
Long Term Liabilities: ACX's short term assets (CA$173.3M) exceed its long term liabilities (CA$100.0M).
Debt to Equity History and Analysis
Debt Level: ACX's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: ACX's debt to equity ratio has increased from 11.1% to 48.8% over the past 5 years.
Debt Coverage: ACX's debt is well covered by operating cash flow (77.2%).
Interest Coverage: ACX's interest payments on its debt are well covered by EBIT (5x coverage).