Chemtrade Logistics Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
Chemtrade Logistics Income Fund has a total shareholder equity of CA$707.1M and total debt of CA$684.1M, which brings its debt-to-equity ratio to 96.7%. Its total assets and total liabilities are CA$2.1B and CA$1.4B respectively. Chemtrade Logistics Income Fund's EBIT is CA$281.4M making its interest coverage ratio 5.6. It has cash and short-term investments of CA$32.4M.
Key information
96.7%
Debt to equity ratio
CA$684.06m
Debt
| Interest coverage ratio | 5.6x |
| Cash | CA$32.41m |
| Equity | CA$707.14m |
| Total liabilities | CA$1.40b |
| Total assets | CA$2.11b |
Recent financial health updates
We Think Chemtrade Logistics Income Fund (TSE:CHE.UN) Is Taking Some Risk With Its Debt
Jan 19
Chemtrade Logistics Income Fund (TSE:CHE.UN) Has Debt But No Earnings; Should You Worry?
Jun 22Recent updates
Chemtrade Logistics Income Fund (TSE:CHE.UN) Is Due To Pay A Dividend Of CA$0.055
Feb 24Sentiment Still Eluding Chemtrade Logistics Income Fund (TSE:CHE.UN)
Jan 16Is Chemtrade Logistics Income Fund (TSE:CHE.UN) Potentially Undervalued?
Oct 11Robust Earnings May Not Tell The Whole Story For Chemtrade Logistics Income Fund (TSE:CHE.UN)
Mar 01Chemtrade Logistics Income Fund (TSE:CHE.UN) Will Pay A Dividend Of CA$0.05
Jan 27We Think Chemtrade Logistics Income Fund (TSE:CHE.UN) Is Taking Some Risk With Its Debt
Jan 19Chemtrade Logistics Income Fund (TSE:CHE.UN) Is Due To Pay A Dividend Of CA$0.05
Dec 22Chemtrade Logistics Income Fund (TSE:CHE.UN) Is Paying Out A Dividend Of CA$0.05
Oct 25An Intrinsic Calculation For Chemtrade Logistics Income Fund (TSE:CHE.UN) Suggests It's 48% Undervalued
Oct 12Chemtrade Logistics Income Fund (TSE:CHE.UN) Has Affirmed Its Dividend Of CA$0.05
Aug 25News Flash: Analysts Just Made A Notable Upgrade To Their Chemtrade Logistics Income Fund (TSE:CHE.UN) Forecasts
Aug 12Chemtrade Logistics Income Fund (TSE:CHE.UN) Is Due To Pay A Dividend Of CA$0.05
Jun 25Chemtrade Logistics Income Fund (TSE:CHE.UN) Has Announced A Dividend Of CA$0.05
May 24Is Chemtrade Logistics Income Fund (TSE:CHE.UN) Trading At A 25% Discount?
May 17Chemtrade Logistics Income Fund (TSE:CHE.UN) Has Affirmed Its Dividend Of CA$0.05
Feb 21Chemtrade Logistics Income Fund (TSE:CHE.UN) Will Pay A Dividend Of CA$0.05
Dec 24Chemtrade Logistics Income Fund (TSE:CHE.UN) Has Announced A Dividend Of CA$0.05
Oct 23Chemtrade Logistics Income Fund (TSE:CHE.UN) Is Due To Pay A Dividend Of CA$0.05
Aug 26Chemtrade Logistics Income Fund's (TSE:CHE.UN) Dividend Will Be CA$0.05
Jul 25Chemtrade Logistics Income Fund (TSE:CHE.UN) Has Announced A Dividend Of CA$0.05
Jun 26Chemtrade Logistics Income Fund (TSE:CHE.UN) Has Debt But No Earnings; Should You Worry?
Jun 22Financial Position Analysis
Short Term Liabilities: CHE.UN's short term assets (CA$326.0M) do not cover its short term liabilities (CA$409.8M).
Long Term Liabilities: CHE.UN's short term assets (CA$326.0M) do not cover its long term liabilities (CA$992.3M).
Debt to Equity History and Analysis
Debt Level: CHE.UN's net debt to equity ratio (92.2%) is considered high.
Reducing Debt: CHE.UN's debt to equity ratio has reduced from 124.7% to 96.7% over the past 5 years.
Debt Coverage: CHE.UN's debt is well covered by operating cash flow (58.7%).
Interest Coverage: CHE.UN's interest payments on its debt are well covered by EBIT (5.6x coverage).