AutoCanada Balance Sheet Health
Financial Health criteria checks 2/6
AutoCanada has a total shareholder equity of CA$564.8M and total debt of CA$1.7B, which brings its debt-to-equity ratio to 308%. Its total assets and total liabilities are CA$3.2B and CA$2.6B respectively. AutoCanada's EBIT is CA$219.7M making its interest coverage ratio 1.7. It has cash and short-term investments of CA$103.1M.
Key information
308.0%
Debt to equity ratio
CA$1.74b
Debt
Interest coverage ratio | 1.7x |
Cash | CA$103.15m |
Equity | CA$564.83m |
Total liabilities | CA$2.59b |
Total assets | CA$3.16b |
Recent financial health updates
AutoCanada (TSE:ACQ) Seems To Be Using A Lot Of Debt
Nov 06Is AutoCanada (TSE:ACQ) A Risky Investment?
Dec 20Is AutoCanada (TSE:ACQ) A Risky Investment?
Jan 08These 4 Measures Indicate That AutoCanada (TSE:ACQ) Is Using Debt Reasonably Well
Sep 22Recent updates
AutoCanada Inc.'s (TSE:ACQ) Shares Leap 28% Yet They're Still Not Telling The Full Story
Mar 28AutoCanada Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 10AutoCanada (TSE:ACQ) Seems To Be Using A Lot Of Debt
Nov 06AutoCanada Inc. (TSE:ACQ) Shares Could Be 44% Below Their Intrinsic Value Estimate
May 08Is AutoCanada (TSE:ACQ) A Risky Investment?
Dec 20Do AutoCanada's (TSE:ACQ) Earnings Warrant Your Attention?
Aug 26Is AutoCanada (TSE:ACQ) A Risky Investment?
Jan 08A Look At The Intrinsic Value Of AutoCanada Inc. (TSE:ACQ)
Nov 05These 4 Measures Indicate That AutoCanada (TSE:ACQ) Is Using Debt Reasonably Well
Sep 22Financial Position Analysis
Short Term Liabilities: ACQ's short term assets (CA$1.5B) exceed its short term liabilities (CA$1.5B).
Long Term Liabilities: ACQ's short term assets (CA$1.5B) exceed its long term liabilities (CA$1.1B).
Debt to Equity History and Analysis
Debt Level: ACQ's net debt to equity ratio (289.7%) is considered high.
Reducing Debt: ACQ's debt to equity ratio has increased from 246% to 308% over the past 5 years.
Debt Coverage: ACQ's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: ACQ's interest payments on its debt are not well covered by EBIT (1.7x coverage).