Nextleaf Solutions Balance Sheet Health
Financial Health criteria checks 5/6
Nextleaf Solutions has a total shareholder equity of CA$4.3M and total debt of CA$40.0K, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CA$9.1M and CA$4.8M respectively. Nextleaf Solutions's EBIT is CA$1.2M making its interest coverage ratio 42.2. It has cash and short-term investments of CA$367.8K.
Key information
0.9%
Debt to equity ratio
CA$40.00k
Debt
Interest coverage ratio | 42.2x |
Cash | CA$367.84k |
Equity | CA$4.27m |
Total liabilities | CA$4.84m |
Total assets | CA$9.11m |
Financial Position Analysis
Short Term Liabilities: OILS's short term assets (CA$5.5M) exceed its short term liabilities (CA$4.5M).
Long Term Liabilities: OILS's short term assets (CA$5.5M) exceed its long term liabilities (CA$366.4K).
Debt to Equity History and Analysis
Debt Level: OILS has more cash than its total debt.
Reducing Debt: OILS's debt to equity ratio has increased from 0% to 0.9% over the past 5 years.
Debt Coverage: OILS's debt is well covered by operating cash flow (752.8%).
Interest Coverage: OILS's interest payments on its debt are well covered by EBIT (42.2x coverage).