Comet Industries Balance Sheet Health

Financial Health criteria checks 6/6

Comet Industries has a total shareholder equity of CA$9.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$10.4M and CA$541.2K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$7.04m
Equity	CA$9.85m
Total liabilities	CA$541.25k
Total assets	CA$10.39m

Recent financial health updates

No updates

Recent updates

We Don’t Think Comet Industries' (CVE:CMU) Earnings Should Make Shareholders Too Comfortable

Jul 11

Financial Position Analysis

Short Term Liabilities: CMU's short term assets (CA$7.3M) exceed its short term liabilities (CA$541.2K).

Long Term Liabilities: CMU has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: CMU is debt free.

Reducing Debt: CMU has no debt compared to 5 years ago when its debt to equity ratio was 82.7%.

Debt Coverage: CMU has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CMU has no debt, therefore coverage of interest payments is not a concern.

Comet Industries Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

First half 2025 earnings released: CA$0.044 loss per share (vs CA$0.023 loss in 1H 2024)

We Don’t Think Comet Industries' (CVE:CMU) Earnings Should Make Shareholders Too Comfortable

First quarter 2025 earnings released: CA$0.016 loss per share (vs CA$0.008 profit in 1Q 2024)

Comet Industries Ltd., Annual General Meeting, Aug 23, 2024

Investor sentiment improves as stock rises 19%

Full year 2024 earnings released: EPS: CA$1.75 (vs CA$0.026 loss in FY 2023)

No independent directors

No independent directors

No independent directors

Comet Industries Ltd. Announces Chief Financial Officer Changes

Third quarter 2024 earnings released: EPS: CA$2.06 (vs CA$0.009 loss in 3Q 2023)

No independent directors

No independent directors

No independent directors

No independent directors

Second quarter 2024 earnings released: CA$0.031 loss per share (vs CA$0.002 profit in 2Q 2023)

No independent directors

No independent directors

Less than half of directors are independent

First quarter 2024 earnings released: EPS: CA$0.008 (vs CA$0.014 in 1Q 2023)

Less than half of directors are independent

Comet Industries Ltd., Annual General Meeting, Aug 18, 2023

Full year 2023 earnings released: CA$0.026 loss per share (vs CA$0.077 profit in FY 2022)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Third quarter 2023 earnings released: CA$0.009 loss per share (vs CA$0.004 profit in 3Q 2022)

Less than half of directors are independent

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: CA$0.002 (vs CA$0.009 loss in 2Q 2022)

Less than half of directors are independent

Less than half of directors are independent

Comet Industries Ltd., Annual General Meeting, Aug 29, 2022

Less than half of directors are independent

Full year 2022 earnings released: EPS: CA$0.077 (vs CA$0.015 loss in FY 2021)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Less than half of directors are independent

Second quarter 2022 earnings released: CA$0.009 loss per share (vs CA$0.002 loss in 2Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: CA$0.015 loss per share (vs CA$0.011 profit in FY 2020)

First half earnings released

Comet Industries Ltd. Confirms the Appointment of Michael O'Reilly as CEO

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Discover healthy companies