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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAY.B's short term assets (CA$115.6M) exceed its short term liabilities (CA$102.5M).
Long Term Liabilities: RAY.B'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.B's net debt to equity ratio (125%) is considered high.
Reducing Debt: RAY.B's debt to equity ratio has increased from 123.6% to 127.3% over the past 5 years.
Debt Coverage: RAY.B's debt is well covered by operating cash flow (26.2%).
Interest Coverage: RAY.B's interest payments on its debt are well covered by EBIT (3.1x coverage).