CoTec Holdings Balance Sheet Health
Financial Health criteria checks 3/6
CoTec Holdings has a total shareholder equity of CA$37.0M and total debt of CA$2.1M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are CA$42.3M and CA$5.3M respectively.
Key information
5.8%
Debt to equity ratio
CA$2.14m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.17m |
| Equity | CA$36.97m |
| Total liabilities | CA$5.29m |
| Total assets | CA$42.26m |
Recent financial health updates
No updates
Recent updates
Here's Why We Think CoTec Holdings (CVE:CTH) Might Deserve Your Attention Today
Jun 21
CoTec Holdings' (CVE:CTH) Attractive Earnings Are Not All Good News For Shareholders
May 06Here's Why We Think CoTec Holdings (CVE:CTH) Is Well Worth Watching
Aug 15CoTec Holdings (CVE:CTH) Has More To Do To Multiply In Value Going Forward
Jun 29Financial Position Analysis
Short Term Liabilities: CTH's short term assets (CA$1.6M) exceed its short term liabilities (CA$1.5M).
Long Term Liabilities: CTH's short term assets (CA$1.6M) do not cover its long term liabilities (CA$3.8M).
Debt to Equity History and Analysis
Debt Level: CTH's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: CTH had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CTH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if CTH's interest payments on its debt are well covered by EBIT.