Simply Solventless Concentrates Balance Sheet Health
Financial Health criteria checks 4/6
Simply Solventless Concentrates has a total shareholder equity of CA$4.4M and total debt of CA$313.7K, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are CA$10.2M and CA$5.9M respectively. Simply Solventless Concentrates's EBIT is CA$2.0M making its interest coverage ratio 6. It has cash and short-term investments of CA$80.9K.
Key information
7.2%
Debt to equity ratio
CA$313.68k
Debt
Interest coverage ratio | 6x |
Cash | CA$80.88k |
Equity | CA$4.37m |
Total liabilities | CA$5.87m |
Total assets | CA$10.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HASH's short term assets (CA$8.4M) exceed its short term liabilities (CA$4.7M).
Long Term Liabilities: HASH's short term assets (CA$8.4M) exceed its long term liabilities (CA$1.1M).
Debt to Equity History and Analysis
Debt Level: HASH's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HASH's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HASH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HASH's interest payments on its debt are well covered by EBIT (6x coverage).