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 ratio3.1x
CashCA$6.99m
EquityCA$305.13m
Total liabilitiesCA$575.23m
Total assetsCA$880.36m

Recent financial health updates

Recent updates

Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075

May 21
Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075

Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075

Apr 25
Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Mar 23
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Feb 16
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Does Stingray Group (TSE:RAY.A) Deserve A Spot On Your Watchlist?

Jan 24
Does Stingray Group (TSE:RAY.A) Deserve A Spot On Your Watchlist?

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Nov 17
Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Is Stingray Group (TSE:RAY.A) Using Too Much Debt?

Nov 07
Is Stingray Group (TSE:RAY.A) Using Too Much Debt?

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Aug 27
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Will Pay A Dividend Of CA$0.075

Aug 13
Stingray Group (TSE:RAY.A) Will Pay A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

May 07
Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Mar 28
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Feb 12
Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Nov 26
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Is Due To Pay A Dividend Of CA$0.075

Aug 24
Stingray Group (TSE:RAY.A) Is Due To Pay A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Aug 07
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

May 12
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Apr 19
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Apr 05
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Re-Affirmed Its Dividend Of CA$0.075

Nov 16
Stingray Group (TSE:RAY.A) Has Re-Affirmed Its Dividend Of CA$0.075

Should You Think About Buying Stingray Group Inc. (TSE:RAY.A) Now?

Nov 14
Should You Think About Buying Stingray Group Inc. (TSE:RAY.A) Now?

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Aug 22
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Aug 08
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Financial 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).


Balance Sheet


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