Stingray Group Balance Sheet Health
Financial Health criteria checks 2/6
Stingray Group has a total shareholder equity of CA$248.6M and total debt of CA$364.3M, which brings its debt-to-equity ratio to 146.5%. Its total assets and total liabilities are CA$811.6M and CA$563.0M respectively. Stingray Group's EBIT is CA$88.4M making its interest coverage ratio 3.2. It has cash and short-term investments of CA$9.6M.
Key information
146.5%
Debt to equity ratio
CA$364.29m
Debt
Interest coverage ratio | 3.2x |
Cash | CA$9.61m |
Equity | CA$248.58m |
Total liabilities | CA$562.98m |
Total assets | CA$811.57m |
Recent financial health updates
Does Stingray Group (TSE:RAY.A) Have A Healthy Balance Sheet?
Jun 11Is Stingray Group (TSE:RAY.A) Using Too Much Debt?
Nov 07Recent updates
Does Stingray Group (TSE:RAY.A) Have A Healthy Balance Sheet?
Jun 11Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075
May 21Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075
Apr 25Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
Mar 23Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Feb 16Does Stingray Group (TSE:RAY.A) Deserve A Spot On Your Watchlist?
Jan 24Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075
Nov 17Is Stingray Group (TSE:RAY.A) Using Too Much Debt?
Nov 07Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
Aug 27Stingray Group (TSE:RAY.A) Will Pay A Dividend Of CA$0.075
Aug 13Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075
May 07Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
Mar 28Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075
Feb 12Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Nov 26Stingray Group (TSE:RAY.A) Is Due To Pay A Dividend Of CA$0.075
Aug 24Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Aug 07Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
May 12Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Apr 19Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Apr 05Stingray Group (TSE:RAY.A) Has Re-Affirmed Its Dividend Of CA$0.075
Nov 16Should You Think About Buying Stingray Group Inc. (TSE:RAY.A) Now?
Nov 14Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
Aug 22Financial Position Analysis
Short Term Liabilities: RAY.A's short term assets (CA$104.1M) do not cover its short term liabilities (CA$115.0M).
Long Term Liabilities: RAY.A's short term assets (CA$104.1M) do not cover its long term liabilities (CA$448.0M).
Debt to Equity History and Analysis
Debt Level: RAY.A's net debt to equity ratio (142.7%) is considered high.
Reducing Debt: RAY.A's debt to equity ratio has increased from 126.1% to 146.5% over the past 5 years.
Debt Coverage: RAY.A's debt is well covered by operating cash flow (32.5%).
Interest Coverage: RAY.A's interest payments on its debt are well covered by EBIT (3.2x coverage).