AutoCanada Balance Sheet Health
Financial Health criteria checks 2/6
AutoCanada has a total shareholder equity of CA$524.1M and total debt of CA$1.7B, which brings its debt-to-equity ratio to 330.1%. Its total assets and total liabilities are CA$3.1B and CA$2.6B respectively. AutoCanada's EBIT is CA$114.0M making its interest coverage ratio 0.7. It has cash and short-term investments of CA$132.8M.
Key information
330.1%
Debt to equity ratio
CA$1.73b
Debt
| Interest coverage ratio | 0.7x |
| Cash | CA$132.80m |
| Equity | CA$524.11m |
| Total liabilities | CA$2.58b |
| Total assets | CA$3.11b |
Recent financial health updates
AutoCanada (TSE:ACQ) Seems To Be Using A Lot Of Debt
Nov 06
Is AutoCanada (TSE:ACQ) A Risky Investment?
Dec 20Recent updates
AutoCanada's (TSE:ACQ) Problems Go Beyond Weak Profit
May 09AutoCanada Inc.'s (TSE:ACQ) Intrinsic Value Is Potentially 35% Above Its Share Price
May 03AutoCanada 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 26Financial 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 (304.8%) is considered high.
Reducing Debt: ACQ's debt to equity ratio has increased from 258.5% to 330.1% over the past 5 years.
Debt Coverage: ACQ's debt is not well covered by operating cash flow (1.5%).
Interest Coverage: ACQ's interest payments on its debt are not well covered by EBIT (0.7x coverage).