Cleantek Industries Balance Sheet Health
Financial Health criteria checks 3/6
Cleantek Industries has a total shareholder equity of CA$273.0K and total debt of CA$9.5M, which brings its debt-to-equity ratio to 3487.9%. Its total assets and total liabilities are CA$12.9M and CA$12.6M respectively. Cleantek Industries's EBIT is CA$435.0K making its interest coverage ratio 0.3. It has cash and short-term investments of CA$168.0K.
Key information
3,487.9%
Debt to equity ratio
CA$9.52m
Debt
| Interest coverage ratio | 0.3x |
| Cash | CA$168.00k |
| Equity | CA$273.00k |
| Total liabilities | CA$12.63m |
| Total assets | CA$12.91m |
Recent financial health updates
These 4 Measures Indicate That Cleantek Industries (CVE:CTEK) Is Using Debt Extensively
Sep 21
Does Cleantek Industries (CVE:CTEK) Have A Healthy Balance Sheet?
Mar 27Recent updates
These 4 Measures Indicate That Cleantek Industries (CVE:CTEK) Is Using Debt Extensively
Sep 21Cleantek Industries Inc. (CVE:CTEK) Might Not Be As Mispriced As It Looks After Plunging 32%
Jul 19Sentiment Still Eluding Cleantek Industries Inc. (CVE:CTEK)
May 21Does Cleantek Industries (CVE:CTEK) Have A Healthy Balance Sheet?
Mar 27Investors Give Cleantek Industries Inc. (CVE:CTEK) Shares A 32% Hiding
Jan 28Financial Position Analysis
Short Term Liabilities: CTEK's short term assets (CA$2.6M) do not cover its short term liabilities (CA$5.5M).
Long Term Liabilities: CTEK's short term assets (CA$2.6M) do not cover its long term liabilities (CA$7.2M).
Debt to Equity History and Analysis
Debt Level: CTEK's net debt to equity ratio (3426.4%) is considered high.
Reducing Debt: CTEK had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Whilst unprofitable CTEK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CTEK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.4% per year.