CoTec Holdings Balance Sheet Health
Financial Health criteria checks 4/6
CoTec Holdings has a total shareholder equity of CA$31.1M and total debt of CA$2.4M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are CA$35.9M and CA$4.8M respectively. CoTec Holdings's EBIT is CA$8.1M making its interest coverage ratio 38.5. It has cash and short-term investments of CA$1.3M.
Key information
7.8%
Debt to equity ratio
CA$2.43m
Debt
| Interest coverage ratio | 38.5x |
| Cash | CA$1.28m |
| Equity | CA$31.07m |
| Total liabilities | CA$4.82m |
| Total assets | CA$35.89m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CTH's short term assets (CA$1.8M) exceed its short term liabilities (CA$1.5M).
Long Term Liabilities: CTH's short term assets (CA$1.8M) do not cover its long term liabilities (CA$3.3M).
Debt to Equity History and Analysis
Debt Level: CTH's net debt to equity ratio (3.7%) 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: CTH's interest payments on its debt are well covered by EBIT (38.5x coverage).