Covalon Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Covalon Technologies has a total shareholder equity of CA$21.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$26.5M and CA$4.9M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$9.41m |
| Equity | CA$21.67m |
| Total liabilities | CA$4.85m |
| Total assets | CA$26.53m |
Recent financial health updates
We Think Covalon Technologies (CVE:COV) Can Afford To Drive Business Growth
Aug 10
Covalon Technologies (CVE:COV) Is In A Good Position To Deliver On Growth Plans
May 01We Think Covalon Technologies (CVE:COV) Can Afford To Drive Business Growth
Sep 02We Think Covalon Technologies (CVE:COV) Needs To Drive Business Growth Carefully
May 26Is Covalon Technologies (CVE:COV) Using Too Much Debt?
Apr 29Covalon Technologies (CVE:COV) Is Making Moderate Use Of Debt
Dec 29Recent updates
Subdued Growth No Barrier To Covalon Technologies Ltd. (CVE:COV) With Shares Advancing 29%
Nov 17Covalon Technologies Ltd.'s (CVE:COV) 25% Share Price Surge Not Quite Adding Up
Aug 18We Think Covalon Technologies (CVE:COV) Can Afford To Drive Business Growth
Aug 10Optimistic Investors Push Covalon Technologies Ltd. (CVE:COV) Shares Up 83% But Growth Is Lacking
Jun 16Covalon Technologies (CVE:COV) Is In A Good Position To Deliver On Growth Plans
May 01Covalon Technologies Ltd.'s (CVE:COV) Price Is Right But Growth Is Lacking After Shares Rocket 25%
Feb 17Insufficient Growth At Covalon Technologies Ltd. (CVE:COV) Hampers Share Price
Dec 22We Think Covalon Technologies (CVE:COV) Can Afford To Drive Business Growth
Sep 02We Think Covalon Technologies (CVE:COV) Needs To Drive Business Growth Carefully
May 26Is Covalon Technologies (CVE:COV) Using Too Much Debt?
Apr 29Covalon Technologies (CVE:COV) Is Making Moderate Use Of Debt
Dec 29Financial Position Analysis
Short Term Liabilities: COV's short term assets (CA$23.3M) exceed its short term liabilities (CA$4.4M).
Long Term Liabilities: COV's short term assets (CA$23.3M) exceed its long term liabilities (CA$417.2K).
Debt to Equity History and Analysis
Debt Level: COV is debt free.
Reducing Debt: COV has no debt compared to 5 years ago when its debt to equity ratio was 175%.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable COV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: COV is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 9.7% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 22:18 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Covalon Technologies Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andre Uddin | Research Capital Corporation |