Highwood Asset Management Balance Sheet Health
Financial Health criteria checks 3/6
Highwood Asset Management has a total shareholder equity of CA$130.3M and total debt of CA$91.7M, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are CA$296.3M and CA$166.0M respectively. Highwood Asset Management's EBIT is CA$59.2M making its interest coverage ratio 5.3. It has cash and short-term investments of CA$6.4M.
Key information
70.4%
Debt to equity ratio
CA$91.66m
Debt
| Interest coverage ratio | 5.3x |
| Cash | CA$6.40m |
| Equity | CA$130.29m |
| Total liabilities | CA$165.99m |
| Total assets | CA$296.27m |
Recent financial health updates
No updates
Recent updates
Highwood Asset Management's (CVE:HAM) Attractive Earnings Are Not All Good News For Shareholders
Nov 22
Highwood Asset Management Ltd. (CVE:HAM) Might Not Be As Mispriced As It Looks
Jun 28Shareholders May Be More Conservative With Highwood Asset Management Ltd.'s (CVE:HAM) CEO Compensation For Now
May 24Highwood Asset Management's (CVE:HAM) Earnings Aren't As Good As They Appear
Apr 23Estimating The Intrinsic Value Of Highwood Asset Management Ltd. (CVE:HAM)
Apr 03Market Participants Recognise Highwood Asset Management Ltd.'s (CVE:HAM) Revenues
Feb 03Financial Position Analysis
Short Term Liabilities: HAM's short term assets (CA$39.3M) do not cover its short term liabilities (CA$60.3M).
Long Term Liabilities: HAM's short term assets (CA$39.3M) do not cover its long term liabilities (CA$105.7M).
Debt to Equity History and Analysis
Debt Level: HAM's net debt to equity ratio (65.4%) is considered high.
Reducing Debt: HAM's debt to equity ratio has reduced from 154.5% to 70.4% over the past 5 years.
Debt Coverage: HAM's debt is well covered by operating cash flow (59.4%).
Interest Coverage: HAM's interest payments on its debt are well covered by EBIT (5.3x coverage).