Reitmans (Canada) Balance Sheet Health
Financial Health criteria checks 6/6
Reitmans (Canada) has a total shareholder equity of CA$291.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$519.3M and CA$227.7M respectively. Reitmans (Canada)'s EBIT is CA$28.9M making its interest coverage ratio 8.3. It has cash and short-term investments of CA$124.0M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | 8.3x |
| Cash | CA$124.04m |
| Equity | CA$291.61m |
| Total liabilities | CA$227.69m |
| Total assets | CA$519.29m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RET's short term assets (CA$289.3M) exceed its short term liabilities (CA$120.9M).
Long Term Liabilities: RET's short term assets (CA$289.3M) exceed its long term liabilities (CA$106.8M).
Debt to Equity History and Analysis
Debt Level: RET is debt free.
Reducing Debt: RET had no debt 5 years ago.
Debt Coverage: RET has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RET has no debt, therefore coverage of interest payments is not a concern.