Corsa Coal Balance Sheet Health
Financial Health criteria checks 5/6
Corsa Coal has a total shareholder equity of $85.5M and total debt of $16.6M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are $191.3M and $105.8M respectively. Corsa Coal's EBIT is $33.1M making its interest coverage ratio 6.3. It has cash and short-term investments of $11.4M.
Key information
19.4%
Debt to equity ratio
US$16.56m
Debt
| Interest coverage ratio | 6.3x |
| Cash | US$11.37m |
| Equity | US$85.53m |
| Total liabilities | US$105.75m |
| Total assets | US$191.28m |
Recent financial health updates
Corsa Coal (CVE:CSO) Has Debt But No Earnings; Should You Worry?
Feb 10
Is Corsa Coal (CVE:CSO) Using Too Much Debt?
Oct 19Is Corsa Coal (CVE:CSO) Weighed On By Its Debt Load?
Jul 15Is Corsa Coal (CVE:CSO) Using Too Much Debt?
Jan 12Is Corsa Coal (CVE:CSO) Using Debt In A Risky Way?
Aug 18Corsa Coal (CVE:CSO) Has Debt But No Earnings; Should You Worry?
Feb 28Recent updates
Corsa Coal Corp. (CVE:CSO) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Apr 02Why The 20% Return On Capital At Corsa Coal (CVE:CSO) Should Have Your Attention
Mar 17Corsa Coal (CVE:CSO) Has Debt But No Earnings; Should You Worry?
Feb 10The Market Doesn't Like What It Sees From Corsa Coal Corp.'s (CVE:CSO) Revenues Yet
Dec 19Is Corsa Coal (CVE:CSO) Using Too Much Debt?
Oct 19Is Corsa Coal (CVE:CSO) Weighed On By Its Debt Load?
Jul 15A Look At The Intrinsic Value Of Corsa Coal Corp. (CVE:CSO)
Mar 16Is Corsa Coal (CVE:CSO) Using Too Much Debt?
Jan 12Calculating The Fair Value Of Corsa Coal Corp. (CVE:CSO)
Oct 10Is Corsa Coal (CVE:CSO) Using Debt In A Risky Way?
Aug 18Corsa Coal (CVE:CSO) Has Debt But No Earnings; Should You Worry?
Feb 28Is Corsa Coal (CVE:CSO) Weighed On By Its Debt Load?
Nov 05Is Corsa Coal (CVE:CSO) Using Debt In A Risky Way?
Jul 16Does Corsa Coal (CVE:CSO) Have A Healthy Balance Sheet?
Mar 05Is Corsa Coal (CVE:CSO) Using Debt In A Risky Way?
Nov 20Financial Position Analysis
Short Term Liabilities: CSO's short term assets ($35.9M) exceed its short term liabilities ($26.0M).
Long Term Liabilities: CSO's short term assets ($35.9M) do not cover its long term liabilities ($79.8M).
Debt to Equity History and Analysis
Debt Level: CSO's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: CSO's debt to equity ratio has reduced from 20.4% to 19.4% over the past 5 years.
Debt Coverage: CSO's debt is well covered by operating cash flow (176.9%).
Interest Coverage: CSO's interest payments on its debt are well covered by EBIT (6.3x coverage).