Atlas Engineered Products Balance Sheet Health
Financial Health criteria checks 3/6
Atlas Engineered Products has a total shareholder equity of CA$33.8M and total debt of CA$34.5M, which brings its debt-to-equity ratio to 102.1%. Its total assets and total liabilities are CA$81.3M and CA$47.5M respectively. Atlas Engineered Products's EBIT is CA$7.0M making its interest coverage ratio 6.5. It has cash and short-term investments of CA$15.0M.
Key information
102.1%
Debt to equity ratio
CA$34.52m
Debt
| Interest coverage ratio | 6.5x |
| Cash | CA$15.00m |
| Equity | CA$33.81m |
| Total liabilities | CA$47.49m |
| Total assets | CA$81.30m |
Recent financial health updates
We Think Atlas Engineered Products (CVE:AEP) Is Taking Some Risk With Its Debt
Mar 22
Is Atlas Engineered Products (CVE:AEP) A Risky Investment?
Nov 30Here's Why Atlas Engineered Products (CVE:AEP) Can Manage Its Debt Responsibly
Aug 24Does Atlas Engineered Products (CVE:AEP) Have A Healthy Balance Sheet?
Aug 12Atlas Engineered Products (CVE:AEP) Could Easily Take On More Debt
Apr 22Does Atlas Engineered Products (CVE:AEP) Have A Healthy Balance Sheet?
Apr 17Recent updates
At CA$1.49, Is Atlas Engineered Products Ltd. (CVE:AEP) Worth Looking At Closely?
Apr 29We Think Atlas Engineered Products (CVE:AEP) Is Taking Some Risk With Its Debt
Mar 22There's Reason For Concern Over Atlas Engineered Products Ltd.'s (CVE:AEP) Massive 28% Price Jump
Feb 28Is It Too Late To Consider Buying Atlas Engineered Products Ltd. (CVE:AEP)?
Jan 25Is Atlas Engineered Products (CVE:AEP) A Risky Investment?
Nov 30Atlas Engineered Products Ltd.'s (CVE:AEP) CEO Will Probably Have Their Compensation Approved By Shareholders
Oct 27When Should You Buy Atlas Engineered Products Ltd. (CVE:AEP)?
Sep 23Here's Why Atlas Engineered Products (CVE:AEP) Can Manage Its Debt Responsibly
Aug 24Is There An Opportunity With Atlas Engineered Products Ltd.'s (CVE:AEP) 31% Undervaluation?
May 30Why Atlas Engineered Products Ltd. (CVE:AEP) Could Be Worth Watching
Apr 14An Intrinsic Calculation For Atlas Engineered Products Ltd. (CVE:AEP) Suggests It's 46% Undervalued
Feb 28Atlas Engineered Products Ltd.'s (CVE:AEP) Shares Lagging The Market But So Is The Business
Nov 26Does Atlas Engineered Products (CVE:AEP) Have A Healthy Balance Sheet?
Aug 12Atlas Engineered Products (CVE:AEP) Could Easily Take On More Debt
Apr 22Calculating The Intrinsic Value Of Atlas Engineered Products Ltd. (CVE:AEP)
Oct 01Estimating The Fair Value Of Atlas Engineered Products Ltd. (CVE:AEP)
Jun 26Does Atlas Engineered Products (CVE:AEP) Have A Healthy Balance Sheet?
Apr 17Atlas Engineered Products (CVE:AEP) Is Making Moderate Use Of Debt
Dec 26
Financial Position Analysis
Short Term Liabilities: AEP's short term assets (CA$32.9M) exceed its short term liabilities (CA$9.8M).
Long Term Liabilities: AEP's short term assets (CA$32.9M) do not cover its long term liabilities (CA$37.7M).
Debt to Equity History and Analysis
Debt Level: AEP's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: AEP's debt to equity ratio has increased from 68.6% to 102.1% over the past 5 years.
Debt Coverage: AEP's debt is well covered by operating cash flow (22.4%).
Interest Coverage: AEP's interest payments on its debt are well covered by EBIT (6.5x coverage).