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Stingray Group Balance Sheet Health
Financial Health criteria checks 2/6
Stingray Group has a total shareholder equity of CA$285.2M and total debt of CA$519.7M, which brings its debt-to-equity ratio to 182.2%. Its total assets and total liabilities are CA$1.2B and CA$866.5M respectively. Stingray Group's EBIT is CA$93.4M making its interest coverage ratio 4.6. It has cash and short-term investments of CA$17.3M.
Key information
182.23%
Debt to equity ratio
CA$519.66m
Debt
| Interest coverage ratio | 4.6x |
| Cash | CA$17.33m |
| Equity | CA$285.17m |
| Total liabilities | CA$866.47m |
| Total assets | CA$1.15b |
Recent financial health updates
Recent updates
What Does Stingray Group Inc.'s (TSE:RAY.A) Share Price Indicate?
Stingray Group Inc. ( TSE:RAY.A ), is not the largest company out there, but it saw a significant share price rise of...Why Investors Shouldn't Be Surprised By Stingray Group Inc.'s (TSE:RAY.A) 27% Share Price Surge
Stingray Group Inc. ( TSE:RAY.A ) shares have continued their recent momentum with a 27% gain in the last month alone...
FAST Channels And Streaming Partnerships Will Unlock Future Value
Key Takeaways Expansion into streaming, premium ad networks, and strategic partnerships positions Stingray for strong top-line and recurring revenue growth amid industry shifts. New default channel integrations, B2B retail media growth, and targeted acquisitions increase revenue streams, margin potential, and international scalability.There Could Be A Chance Stingray Group Inc.'s (TSE:RAY.A) CEO Will Have Their Compensation Increased
Key Insights Stingray Group to hold its Annual General Meeting on 6th of August Total pay for CEO Eric Boyko includes...After Leaping 26% Stingray Group Inc. (TSE:RAY.A) Shares Are Not Flying Under The Radar
Stingray Group Inc. ( TSE:RAY.A ) shares have had a really impressive month, gaining 26% after a shaky period...Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075
Stingray Group Inc. ( TSE:RAY.A ) has announced that it will pay a dividend of CA$0.075 per share on the 13th of June...Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Stingray Group Inc. ( TSE:RAY.A ) will pay a dividend of CA$0.075 on the 13th of June. This means that the annual...Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
The board of Stingray Group Inc. ( TSE:RAY.A ) has announced that it will pay a dividend on the 13th of December, with...Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075
Stingray Group Inc.'s ( TSE:RAY.A ) investors are due to receive a payment of CA$0.075 per share on 13th of September...Does Stingray Group (TSE:RAY.A) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075
The board of Stingray Group Inc. ( TSE:RAY.A ) has announced that it will pay a dividend on the 14th of June, with...Financial Position Analysis
Short Term Liabilities: RAY.A's short term assets (CA$191.5M) do not cover its short term liabilities (CA$268.7M).
Long Term Liabilities: RAY.A's short term assets (CA$191.5M) do not cover its long term liabilities (CA$597.8M).
Debt to Equity History and Analysis
Debt Level: RAY.A's net debt to equity ratio (176.2%) is considered high.
Reducing Debt: RAY.A's debt to equity ratio has increased from 115.4% to 182.2% over the past 5 years.
Debt Coverage: RAY.A's debt is well covered by operating cash flow (23.3%).
Interest Coverage: RAY.A's interest payments on its debt are well covered by EBIT (4.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/02/16 14:56 |
| End of Day Share Price | 2026/02/12 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Stingray Group Inc. is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tim Casey | BMO Capital Markets Equity Research |
| Aravinda Galappatthige | Canaccord Genuity |
| Stephanie Price | CIBC Capital Markets |