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Ignite International Brands Balance Sheet Health
Financial Health criteria checks 5/6
Key information
83.0%
Debt to equity ratio
CA$23.18m
Debt
| Interest coverage ratio | 3.1x |
| Cash | CA$17.55m |
| Equity | CA$27.91m |
| Total liabilities | CA$30.46m |
| Total assets | CA$58.37m |
Financial Position Analysis
Short Term Liabilities: BILZ's short term assets (CA$57.0M) exceed its short term liabilities (CA$30.0M).
Long Term Liabilities: BILZ's short term assets (CA$57.0M) exceed its long term liabilities (CA$462.5K).
Debt to Equity History and Analysis
Debt Level: BILZ's net debt to equity ratio (20.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if BILZ's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BILZ's debt is well covered by operating cash flow (58.5%).
Interest Coverage: BILZ's interest payments on its debt are well covered by EBIT (3.1x coverage).