Sherritt International Balance Sheet Health
Financial Health criteria checks 5/6
Sherritt International has a total shareholder equity of CA$589.3M and total debt of CA$371.3M, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are CA$1.4B and CA$792.6M respectively.
Key information
63.0%
Debt to equity ratio
CA$371.30m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$144.40m |
| Equity | CA$589.30m |
| Total liabilities | CA$792.60m |
| Total assets | CA$1.38b |
Recent financial health updates
Is Sherritt International (TSE:S) Weighed On By Its Debt Load?
Apr 18
Sherritt International (TSE:S) Has Debt But No Earnings; Should You Worry?
Nov 21Is Sherritt International (TSE:S) Using Debt In A Risky Way?
Apr 04Does Sherritt International (TSE:S) Have A Healthy Balance Sheet?
Sep 27Sherritt International (TSE:S) Has Debt But No Earnings; Should You Worry?
Sep 14Health Check: How Prudently Does Sherritt International (TSE:S) Use Debt?
Dec 25
Recent updates
Is Sherritt International (TSE:S) Weighed On By Its Debt Load?
Apr 18Sherritt International (TSE:S) Has Debt But No Earnings; Should You Worry?
Nov 21Is Sherritt International (TSE:S) Using Debt In A Risky Way?
Apr 04Does Sherritt International (TSE:S) Have A Healthy Balance Sheet?
Sep 27We Think Sherritt International's (TSE:S) Profit Is Only A Baseline For What They Can Achieve
May 19Sherritt International (TSE:S) Has Debt But No Earnings; Should You Worry?
Sep 14An Intrinsic Calculation For Sherritt International Corporation (TSE:S) Suggests It's 49% Undervalued
Mar 22Analysts Expect Sherritt International Corporation (TSE:S) To Breakeven Soon
Feb 24Did You Miss Sherritt International's (TSE:S) Impressive 164% Share Price Gain?
Jan 29Health Check: How Prudently Does Sherritt International (TSE:S) Use Debt?
Dec 25Financial Position Analysis
Short Term Liabilities: S's short term assets (CA$396.7M) exceed its short term liabilities (CA$303.2M).
Long Term Liabilities: S's short term assets (CA$396.7M) do not cover its long term liabilities (CA$489.4M).
Debt to Equity History and Analysis
Debt Level: S's net debt to equity ratio (38.5%) is considered satisfactory.
Reducing Debt: S's debt to equity ratio has reduced from 67% to 63% 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: Whilst unprofitable S has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: S is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 55.8% per year.