CanadaBis Capital Balance Sheet Health
Financial Health criteria checks 3/6
CanadaBis Capital has a total shareholder equity of CA$8.4M and total debt of CA$6.2M, which brings its debt-to-equity ratio to 73.9%. Its total assets and total liabilities are CA$23.5M and CA$15.1M respectively. CanadaBis Capital's EBIT is CA$2.6M making its interest coverage ratio 5.2. It has cash and short-term investments of CA$1.4M.
Key information
73.9%
Debt to equity ratio
CA$6.22m
Debt
| Interest coverage ratio | 5.2x |
| Cash | CA$1.39m |
| Equity | CA$8.41m |
| Total liabilities | CA$15.05m |
| Total assets | CA$23.47m |
Recent financial health updates
We Think CanadaBis Capital (CVE:CANB) Is Taking Some Risk With Its Debt
Aug 19
CanadaBis Capital (CVE:CANB) Has A Pretty Healthy Balance Sheet
May 09Is CanadaBis Capital (CVE:CANB) Using Too Much Debt?
Dec 01CanadaBis Capital (CVE:CANB) Seems To Use Debt Quite Sensibly
Jul 17Auditors Have Doubts About CanadaBis Capital (CVE:CANB)
Dec 01Is CanadaBis Capital (CVE:CANB) A Risky Investment?
Aug 13Recent updates
Why Investors Shouldn't Be Surprised By CanadaBis Capital Inc.'s (CVE:CANB) Low P/E
Oct 13We Think CanadaBis Capital (CVE:CANB) Is Taking Some Risk With Its Debt
Aug 19Why Investors Shouldn't Be Surprised By CanadaBis Capital Inc.'s (CVE:CANB) 29% Share Price Plunge
Jul 14CanadaBis Capital (CVE:CANB) Has A Pretty Healthy Balance Sheet
May 09Earnings Working Against CanadaBis Capital Inc.'s (CVE:CANB) Share Price Following 48% Dive
Apr 02If EPS Growth Is Important To You, CanadaBis Capital (CVE:CANB) Presents An Opportunity
Feb 12Is CanadaBis Capital (CVE:CANB) Using Too Much Debt?
Dec 01CanadaBis Capital (CVE:CANB) Seems To Use Debt Quite Sensibly
Jul 17CanadaBis Capital Inc.'s (CVE:CANB) Shares Climb 70% But Its Business Is Yet to Catch Up
Apr 17Auditors Have Doubts About CanadaBis Capital (CVE:CANB)
Dec 01Is CanadaBis Capital (CVE:CANB) A Risky Investment?
Aug 13Is CanadaBis Capital (CVE:CANB) Using Too Much Debt?
Apr 30Is CanadaBis Capital (CVE:CANB) Using Debt Sensibly?
Jan 13Is CanadaBis Capital (CVE:CANB) Using Too Much Debt?
Apr 07Have Insiders Been Selling CanadaBis Capital Inc. (CVE:CANB) Shares This Year?
Feb 14Here's Why CanadaBis Capital (CVE:CANB) Can Afford Some Debt
Dec 23
Financial Position Analysis
Short Term Liabilities: CANB's short term assets (CA$12.5M) exceed its short term liabilities (CA$10.2M).
Long Term Liabilities: CANB's short term assets (CA$12.5M) exceed its long term liabilities (CA$4.9M).
Debt to Equity History and Analysis
Debt Level: CANB's net debt to equity ratio (57.5%) is considered high.
Reducing Debt: CANB's debt to equity ratio has increased from 25.3% to 73.9% over the past 5 years.
Debt Coverage: CANB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CANB's interest payments on its debt are well covered by EBIT (5.2x coverage).