Highwood Asset Management Balance Sheet Health
Financial Health criteria checks 2/6
Highwood Asset Management has a total shareholder equity of CA$104.2M and total debt of CA$87.2M, which brings its debt-to-equity ratio to 83.7%. Its total assets and total liabilities are CA$257.1M and CA$152.9M respectively. Highwood Asset Management's EBIT is CA$16.9M making its interest coverage ratio 3.7. It has cash and short-term investments of CA$3.3M.
Key information
83.7%
Debt to equity ratio
CA$87.21m
Debt
Interest coverage ratio | 3.7x |
Cash | CA$3.29m |
Equity | CA$104.20m |
Total liabilities | CA$152.88m |
Total assets | CA$257.08m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HAM's short term assets (CA$29.5M) do not cover its short term liabilities (CA$39.6M).
Long Term Liabilities: HAM's short term assets (CA$29.5M) do not cover its long term liabilities (CA$113.3M).
Debt to Equity History and Analysis
Debt Level: HAM's net debt to equity ratio (80.5%) is considered high.
Reducing Debt: HAM's debt to equity ratio has reduced from 141.9% to 83.7% over the past 5 years.
Debt Coverage: HAM's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: HAM's interest payments on its debt are well covered by EBIT (3.7x coverage).