CoTec Holdings Balance Sheet Health
Financial Health criteria checks 4/6
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. CoTec Holdings's EBIT is CA$8.2M making its interest coverage ratio 36. It has cash and short-term investments of CA$1.2M.
Key information
5.8%
Debt to equity ratio
CA$2.14m
Debt
| Interest coverage ratio | 36x |
| 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: CTH's interest payments on its debt are well covered by EBIT (36x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 22:58 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
CoTec Holdings Corp. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Bandrowski | Clarus Securities Inc. |
| Mike Plaster | Salman Partners Inc. |