Asbestos Balance Sheet Health
Financial Health criteria checks 0/6
Asbestos has a total shareholder equity of CA$-17.1M and total debt of CA$26.7M, which brings its debt-to-equity ratio to -156.3%. Its total assets and total liabilities are CA$41.1M and CA$58.2M respectively. Asbestos's EBIT is CA$6.3M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$1.7M.
Key information
-156.3%
Debt to equity ratio
CA$26.73m
Debt
| Interest coverage ratio | 2.1x |
| Cash | CA$1.67m |
| Equity | -CA$17.10m |
| Total liabilities | CA$58.23m |
| Total assets | CA$41.12m |
Recent financial health updates
No updates
Recent updates
Asbestos (CVE:AB.H) Is Doing The Right Things To Multiply Its Share Price
May 10
Returns On Capital At Asbestos (CVE:AB.H) Paint A Concerning Picture
Sep 29Asbestos (CVE:AB.H) Is Finding It Tricky To Allocate Its Capital
Apr 22Investors Could Be Concerned With Asbestos' (CVE:AB.H) Returns On Capital
Dec 07Returns Are Gaining Momentum At Asbestos (CVE:AB.H)
Aug 11The Return Trends At Asbestos (CVE:AB.H) Look Promising
Apr 28There's No Escaping Asbestos Corporation Limited's (CVE:AB.H) Muted Earnings
May 16Financial Position Analysis
Short Term Liabilities: AB.H has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AB.H has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AB.H has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AB.H's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AB.H's debt is not well covered by operating cash flow (4.4%).
Interest Coverage: AB.H's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 09:30 |
| End of Day Share Price | 2024/10/22 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Asbestos Corporation Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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