Halmont Properties Balance Sheet Health
Financial Health criteria checks 3/6
Halmont Properties has a total shareholder equity of CA$159.5M and total debt of CA$80.7M, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are CA$250.9M and CA$91.3M respectively. Halmont Properties's EBIT is CA$11.1M making its interest coverage ratio 3.3. It has cash and short-term investments of CA$12.0K.
Key information
50.6%
Debt to equity ratio
CA$80.69m
Debt
| Interest coverage ratio | 3.3x |
| Cash | CA$12.00k |
| Equity | CA$159.53m |
| Total liabilities | CA$91.33m |
| Total assets | CA$250.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HMT's short term assets (CA$34.2M) exceed its short term liabilities (CA$1.8M).
Long Term Liabilities: HMT's short term assets (CA$34.2M) do not cover its long term liabilities (CA$89.6M).
Debt to Equity History and Analysis
Debt Level: HMT's net debt to equity ratio (50.6%) is considered high.
Reducing Debt: HMT's debt to equity ratio has reduced from 97.1% to 50.6% over the past 5 years.
Debt Coverage: HMT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HMT's interest payments on its debt are well covered by EBIT (3.3x coverage).