Roots Balance Sheet Health
Financial Health criteria checks 4/6
Roots has a total shareholder equity of CA$190.8M and total debt of CA$45.0M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are CA$369.9M and CA$179.0M respectively. Roots's EBIT is CA$14.8M making its interest coverage ratio 1.6. It has cash and short-term investments of CA$28.0M.
Key information
23.6%
Debt to equity ratio
CA$45.01m
Debt
Interest coverage ratio | 1.6x |
Cash | CA$28.03m |
Equity | CA$190.82m |
Total liabilities | CA$179.05m |
Total assets | CA$369.86m |
Recent financial health updates
These 4 Measures Indicate That Roots (TSE:ROOT) Is Using Debt Extensively
Dec 23We Think Roots (TSE:ROOT) Is Taking Some Risk With Its Debt
Apr 08Here's Why Roots (TSE:ROOT) Has A Meaningful Debt Burden
Jul 19Auditors Are Concerned About Roots (TSE:ROOT)
Apr 11These 4 Measures Indicate That Roots (TSE:ROOT) Is Using Debt Extensively
Jan 15Recent updates
These Return Metrics Don't Make Roots (TSE:ROOT) Look Too Strong
Oct 04These 4 Measures Indicate That Roots (TSE:ROOT) Is Using Debt Extensively
Dec 23We Think Roots (TSE:ROOT) Is Taking Some Risk With Its Debt
Apr 08Returns At Roots (TSE:ROOT) Appear To Be Weighed Down
Jan 18Here's Why Roots (TSE:ROOT) Has A Meaningful Debt Burden
Jul 19A Look At The Intrinsic Value Of Roots Corporation (TSE:ROOT)
Jun 01Roots' (TSE:ROOT) Solid Earnings May Rest On Weak Foundations
Apr 17Auditors Are Concerned About Roots (TSE:ROOT)
Apr 11The Trends At Roots (TSE:ROOT) That You Should Know About
Feb 19These 4 Measures Indicate That Roots (TSE:ROOT) Is Using Debt Extensively
Jan 15What Type Of Returns Would Roots'(TSE:ROOT) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Dec 10Financial Position Analysis
Short Term Liabilities: ROOT's short term assets (CA$75.8M) exceed its short term liabilities (CA$57.1M).
Long Term Liabilities: ROOT's short term assets (CA$75.8M) do not cover its long term liabilities (CA$121.9M).
Debt to Equity History and Analysis
Debt Level: ROOT's net debt to equity ratio (8.9%) is considered satisfactory.
Reducing Debt: ROOT's debt to equity ratio has reduced from 45.6% to 23.6% over the past 5 years.
Debt Coverage: ROOT's debt is well covered by operating cash flow (86%).
Interest Coverage: ROOT's interest payments on its debt are not well covered by EBIT (1.6x coverage).