Asbestos Balance Sheet Health
Financial Health criteria checks 0/6
Asbestos has a total shareholder equity of CA$-17.8M and total debt of CA$25.9M, which brings its debt-to-equity ratio to -145.1%. Its total assets and total liabilities are CA$37.1M and CA$54.9M respectively.
Key information
-145.1%
Debt to equity ratio
CA$25.86m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.10m |
| Equity | -CA$17.82m |
| Total liabilities | CA$54.91m |
| Total assets | CA$37.09m |
Recent financial health updates
No updates
Recent updates
Returns On Capital At Asbestos (CVE:AB.H) Paint A Concerning Picture
Sep 29
Asbestos (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 (6.4%).
Interest Coverage: Insufficient data to determine if AB.H's interest payments on its debt are well covered by EBIT.