Stingray Group Balance Sheet Health
Financial Health criteria checks 3/6
Stingray Group has a total shareholder equity of CA$305.1M and total debt of CA$388.5M, which brings its debt-to-equity ratio to 127.3%. Its total assets and total liabilities are CA$880.4M and CA$575.2M respectively. Stingray Group's EBIT is CA$86.5M making its interest coverage ratio 3.1. It has cash and short-term investments of CA$7.0M.
Key information
127.3%
Debt to equity ratio
CA$388.48m
Debt
| Interest coverage ratio | 3.1x |
| Cash | CA$6.99m |
| Equity | CA$305.13m |
| Total liabilities | CA$575.23m |
| Total assets | CA$880.36m |
Recent financial health updates
Is Stingray Group (TSE:RAY.A) Using Too Much Debt?
Nov 07
Stingray Group (TSE:RAY.A) Has A Somewhat Strained Balance Sheet
Jun 07Recent updates
Stingray 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 22Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Aug 08Stingray Group (TSE:RAY.A) Has A Somewhat Strained Balance Sheet
Jun 07Financial Position Analysis
Short Term Liabilities: RAY.A's short term assets (CA$115.6M) exceed its short term liabilities (CA$102.5M).
Long Term Liabilities: RAY.A's short term assets (CA$115.6M) do not cover its long term liabilities (CA$472.7M).
Debt to Equity History and Analysis
Debt Level: RAY.A's net debt to equity ratio (125%) is considered high.
Reducing Debt: RAY.A's debt to equity ratio has increased from 123.6% to 127.3% over the past 5 years.
Debt Coverage: RAY.A's debt is well covered by operating cash flow (26.2%).
Interest Coverage: RAY.A's interest payments on its debt are well covered by EBIT (3.1x coverage).