CoTec Holdings Balance Sheet Health
Financial Health criteria checks 3/6
CoTec Holdings has a total shareholder equity of CA$31.9M and total debt of CA$2.5M, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are CA$36.9M and CA$5.0M respectively. CoTec Holdings's EBIT is CA$8.9M making its interest coverage ratio 76.8. It has cash and short-term investments of CA$365.0K.
Key information
8.0%
Debt to equity ratio
CA$2.54m
Debt
| Interest coverage ratio | 76.8x |
| Cash | CA$365.00k |
| Equity | CA$31.91m |
| Total liabilities | CA$5.02m |
| Total assets | CA$36.93m |
Financial Position Analysis
Short Term Liabilities: CTH's short term assets (CA$782.0K) do not cover its short term liabilities (CA$1.5M).
Long Term Liabilities: CTH's short term assets (CA$782.0K) do not cover its long term liabilities (CA$3.6M).
Debt to Equity History and Analysis
Debt Level: CTH's net debt to equity ratio (6.8%) 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 (76.8x coverage).