Chibougamau Independent Mines Balance Sheet Health
Financial Health criteria checks 5/6
Chibougamau Independent Mines has a total shareholder equity of CA$578.9K and total debt of CA$4.4K, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are CA$637.3K and CA$58.4K respectively. Chibougamau Independent Mines's EBIT is CA$49.1K making its interest coverage ratio -2336.9. It has cash and short-term investments of CA$615.7K.
Key information
0.8%
Debt to equity ratio
CA$4.43k
Debt
Interest coverage ratio | -2336.9x |
Cash | CA$615.70k |
Equity | CA$578.95k |
Total liabilities | CA$58.38k |
Total assets | CA$637.32k |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CBG's short term assets (CA$637.3K) exceed its short term liabilities (CA$58.4K).
Long Term Liabilities: CBG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CBG has more cash than its total debt.
Reducing Debt: CBG's debt to equity ratio has reduced from 6.9% to 0.8% over the past 5 years.
Debt Coverage: CBG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CBG earns more interest than it pays, so coverage of interest payments is not a concern.