ADF Group Balance Sheet Health

Financial Health criteria checks 6/6

ADF Group has a total shareholder equity of CA$154.0M and total debt of CA$45.7M, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are CA$311.2M and CA$157.2M respectively. ADF Group's EBIT is CA$41.3M making its interest coverage ratio 15.4. It has cash and short-term investments of CA$44.0M.

Key information

29.6%

Debt to equity ratio

CA$45.66m

Debt

Interest coverage ratio15.4x
CashCA$43.98m
EquityCA$154.00m
Total liabilitiesCA$157.15m
Total assetsCA$311.15m

Recent financial health updates

Recent updates

With EPS Growth And More, ADF Group (TSE:DRX) Makes An Interesting Case

Mar 01
With EPS Growth And More, ADF Group (TSE:DRX) Makes An Interesting Case

Market Might Still Lack Some Conviction On ADF Group Inc. (TSE:DRX) Even After 27% Share Price Boost

Feb 17
Market Might Still Lack Some Conviction On ADF Group Inc. (TSE:DRX) Even After 27% Share Price Boost

We Think ADF Group (TSE:DRX) Can Stay On Top Of Its Debt

Dec 22
We Think ADF Group (TSE:DRX) Can Stay On Top Of Its Debt

ADF Group (TSE:DRX) Shareholders Will Want The ROCE Trajectory To Continue

Sep 08
ADF Group (TSE:DRX) Shareholders Will Want The ROCE Trajectory To Continue

Does ADF Group (TSE:DRX) Have A Healthy Balance Sheet?

Jul 27
Does ADF Group (TSE:DRX) Have A Healthy Balance Sheet?

Returns At ADF Group (TSE:DRX) Are On The Way Up

May 31
Returns At ADF Group (TSE:DRX) Are On The Way Up

Is Now The Time To Put ADF Group (TSE:DRX) On Your Watchlist?

Apr 14
Is Now The Time To Put ADF Group (TSE:DRX) On Your Watchlist?

If EPS Growth Is Important To You, ADF Group (TSE:DRX) Presents An Opportunity

Dec 05
If EPS Growth Is Important To You, ADF Group (TSE:DRX) Presents An Opportunity

ADF Group (TSE:DRX) Has Affirmed Its Dividend Of CA$0.01

Sep 14
ADF Group (TSE:DRX) Has Affirmed Its Dividend Of CA$0.01

Returns At ADF Group (TSE:DRX) Are On The Way Up

Sep 09
Returns At ADF Group (TSE:DRX) Are On The Way Up

ADF Group (TSE:DRX) Is Experiencing Growth In Returns On Capital

Jun 08
ADF Group (TSE:DRX) Is Experiencing Growth In Returns On Capital

ADF Group (TSE:DRX) Will Pay A Dividend Of CA$0.01

Apr 15
ADF Group (TSE:DRX) Will Pay A Dividend Of CA$0.01

Investors Aren't Buying ADF Group Inc.'s (TSE:DRX) Earnings

Mar 27
Investors Aren't Buying ADF Group Inc.'s (TSE:DRX) Earnings

ADF Group (TSE:DRX) Could Easily Take On More Debt

Feb 01
ADF Group (TSE:DRX) Could Easily Take On More Debt

Is ADF Group (TSE:DRX) Using Too Much Debt?

Sep 11
Is ADF Group (TSE:DRX) Using Too Much Debt?

ADF Group (TSE:DRX) Might Have The Makings Of A Multi-Bagger

Jun 16
ADF Group (TSE:DRX) Might Have The Makings Of A Multi-Bagger

Is ADF Group (TSE:DRX) Using Too Much Debt?

Mar 26
Is ADF Group (TSE:DRX) Using Too Much Debt?

Is ADF Group Inc. (TSE:DRX) A Smart Pick For Income Investors?

Feb 19
Is ADF Group Inc. (TSE:DRX) A Smart Pick For Income Investors?

Should You Use ADF Group's (TSE:DRX) Statutory Earnings To Analyse It?

Jan 15
Should You Use ADF Group's (TSE:DRX) Statutory Earnings To Analyse It?

Is ADF Group (TSE:DRX) A Risky Investment?

Dec 11
Is ADF Group (TSE:DRX) A Risky Investment?

Does ADF Group (TSE:DRX) Have The Makings Of A Multi-Bagger?

Jul 10
Does ADF Group (TSE:DRX) Have The Makings Of A Multi-Bagger?

Financial Position Analysis

Short Term Liabilities: DRX's short term assets (CA$192.8M) exceed its short term liabilities (CA$98.3M).

Long Term Liabilities: DRX's short term assets (CA$192.8M) exceed its long term liabilities (CA$58.9M).


Debt to Equity History and Analysis

Debt Level: DRX's net debt to equity ratio (1.1%) is considered satisfactory.

Reducing Debt: DRX's debt to equity ratio has reduced from 35.4% to 29.6% over the past 5 years.

Debt Coverage: DRX's debt is well covered by operating cash flow (77.6%).

Interest Coverage: DRX's interest payments on its debt are well covered by EBIT (15.4x coverage).


Balance Sheet


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