SunOpta Balance Sheet Health
Financial Health criteria checks 2/6
SunOpta has a total shareholder equity of $176.2M and total debt of $237.6M, which brings its debt-to-equity ratio to 134.9%. Its total assets and total liabilities are $699.3M and $523.2M respectively. SunOpta's EBIT is $35.4M making its interest coverage ratio 1.4. It has cash and short-term investments of $2.9M.
Key information
134.9%
Debt to equity ratio
US$237.61m
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$2.93m |
| Equity | US$176.16m |
| Total liabilities | US$523.16m |
| Total assets | US$699.33m |
Recent financial health updates
We Think SunOpta (TSE:SOY) Is Taking Some Risk With Its Debt
Jan 11
We Think SunOpta (TSE:SOY) Is Taking Some Risk With Its Debt
Oct 05Is SunOpta (TSE:SOY) Using Too Much Debt?
Apr 08Recent updates
We Think SunOpta (TSE:SOY) Is Taking Some Risk With Its Debt
Jan 11Some Investors May Be Worried About SunOpta's (TSE:SOY) Returns On Capital
Nov 15We Think SunOpta (TSE:SOY) Is Taking Some Risk With Its Debt
Oct 05Is SunOpta (TSE:SOY) Using Too Much Debt?
Apr 08The Returns On Capital At SunOpta (TSE:SOY) Don't Inspire Confidence
Mar 18When Can We Expect A Profit From SunOpta Inc. (TSE:SOY)?
Feb 25What Kind Of Shareholders Own SunOpta Inc. (TSE:SOY)?
Jan 27
Financial Position Analysis
Short Term Liabilities: SOY's short term assets ($192.9M) exceed its short term liabilities ($161.4M).
Long Term Liabilities: SOY's short term assets ($192.9M) do not cover its long term liabilities ($361.8M).
Debt to Equity History and Analysis
Debt Level: SOY's net debt to equity ratio (133.2%) is considered high.
Reducing Debt: SOY's debt to equity ratio has reduced from 229.6% to 134.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SOY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SOY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.