Cielo Waste Solutions Balance Sheet Health
Financial Health criteria checks 4/6
Cielo Waste Solutions has a total shareholder equity of CA$45.8M and total debt of CA$2.6M, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are CA$59.6M and CA$13.8M respectively.
Key information
5.6%
Debt to equity ratio
CA$2.56m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$23.00k |
| Equity | CA$45.81m |
| Total liabilities | CA$13.82m |
| Total assets | CA$59.63m |
Recent financial health updates
Is Cielo Waste Solutions (CVE:CMC) Using Too Much Debt?
Sep 20
Is Cielo Waste Solutions (CVE:CMC) A Risky Investment?
May 31Does Cielo Waste Solutions (CVE:CMC) Have A Healthy Balance Sheet?
Dec 12Cielo Waste Solutions (CVE:CMC) Is Carrying A Fair Bit Of Debt
Apr 29Would Cielo Waste Solutions (CVE:CMC) Be Better Off With Less Debt?
Dec 29Is Cielo Waste Solutions (CSE:CMC) A Risky Investment?
Apr 12Recent updates
Is Cielo Waste Solutions (CVE:CMC) Using Too Much Debt?
Sep 20Is Cielo Waste Solutions (CVE:CMC) A Risky Investment?
May 31Does Cielo Waste Solutions (CVE:CMC) Have A Healthy Balance Sheet?
Dec 12Cielo Waste Solutions (CVE:CMC) Is Carrying A Fair Bit Of Debt
Apr 29Would Cielo Waste Solutions (CVE:CMC) Be Better Off With Less Debt?
Dec 29Is Cielo Waste Solutions (CSE:CMC) A Risky Investment?
Apr 12What We Learned About Cielo Waste Solutions' (CSE:CMC) CEO Pay
Dec 28Financial Position Analysis
Short Term Liabilities: CMC's short term assets (CA$1.7M) do not cover its short term liabilities (CA$11.4M).
Long Term Liabilities: CMC's short term assets (CA$1.7M) do not cover its long term liabilities (CA$2.4M).
Debt to Equity History and Analysis
Debt Level: CMC's net debt to equity ratio (5.5%) is considered satisfactory.
Reducing Debt: CMC's debt to equity ratio has reduced from 153.4% to 5.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CMC has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CMC is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.