Comet Industries Balance Sheet Health
Financial Health criteria checks 4/6
Comet Industries has a total shareholder equity of CA$11.4M and total debt of CA$60.0K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CA$11.5M and CA$92.5K respectively.
Key information
0.5%
Debt to equity ratio
CA$60.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$9.90m |
Equity | CA$11.44m |
Total liabilities | CA$92.53k |
Total assets | CA$11.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMU's short term assets (CA$9.9M) exceed its short term liabilities (CA$92.5K).
Long Term Liabilities: CMU has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CMU has more cash than its total debt.
Reducing Debt: CMU's debt to equity ratio has reduced from 89.2% to 0.5% over the past 5 years.
Debt Coverage: CMU's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if CMU's interest payments on its debt are well covered by EBIT.