Comet Industries Balance Sheet Health
Financial Health criteria checks 6/6
Comet Industries has a total shareholder equity of CA$10.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$11.1M and CA$1.2M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$8.47m |
Equity | CA$9.97m |
Total liabilities | CA$1.16m |
Total assets | CA$11.14m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CMU's short term assets (CA$8.7M) exceed its short term liabilities (CA$1.2M).
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 85.6%.
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.