Asbestos Balance Sheet Health
Financial Health criteria checks 1/6
Asbestos has a total shareholder equity of CA$-17.0M and total debt of CA$26.9M, which brings its debt-to-equity ratio to -157.9%. Its total assets and total liabilities are CA$38.6M and CA$55.6M respectively. Asbestos's EBIT is CA$5.4M making its interest coverage ratio 3.2. It has cash and short-term investments of CA$2.5M.
Key information
-157.9%
Debt to equity ratio
CA$26.87m
Debt
| Interest coverage ratio | 3.2x |
| Cash | CA$2.45m |
| Equity | -CA$17.02m |
| Total liabilities | CA$55.64m |
| Total assets | CA$38.62m |
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 (10.7%).
Interest Coverage: AB.H's interest payments on its debt are well covered by EBIT (3.2x coverage).