Converge Technology Solutions Balance Sheet Health
Financial Health criteria checks 5/6
Converge Technology Solutions has a total shareholder equity of CA$612.2M and total debt of CA$381.3M, which brings its debt-to-equity ratio to 62.3%. Its total assets and total liabilities are CA$2.2B and CA$1.5B respectively. Converge Technology Solutions's EBIT is CA$46.6M making its interest coverage ratio 1.1. It has cash and short-term investments of CA$169.9M.
Key information
62.3%
Debt to equity ratio
CA$381.34m
Debt
| Interest coverage ratio | 1.1x |
| Cash | CA$169.87m |
| Equity | CA$612.16m |
| Total liabilities | CA$1.54b |
| Total assets | CA$2.15b |
Recent financial health updates
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Nov 08
Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Nov 29Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Aug 29Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
May 16Recent updates
Capital Allocation Trends At Converge Technology Solutions (TSE:CTS) Aren't Ideal
Apr 11Converge Technology Solutions Corp. (TSE:CTS) Held Back By Insufficient Growth Even After Shares Climb 28%
Mar 16Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues
Jan 31Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Nov 08Some Investors May Be Worried About Converge Technology Solutions' (TSE:CTS) Returns On Capital
Oct 18Should You Investigate Converge Technology Solutions Corp. (TSE:CTS) At CA$2.59?
Aug 11Here's What's Concerning About Converge Technology Solutions' (TSE:CTS) Returns On Capital
May 31Is There Now An Opportunity In Converge Technology Solutions Corp. (TSE:CTS)?
May 11We Like These Underlying Return On Capital Trends At Converge Technology Solutions (TSE:CTS)
Feb 11Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?
Jan 20Is Now The Time To Look At Buying Converge Technology Solutions Corp. (TSE:CTS)?
Jan 04Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Nov 29Converge Technology Solutions (TSE:CTS) Is Looking To Continue Growing Its Returns On Capital
Oct 04We Ran A Stock Scan For Earnings Growth And Converge Technology Solutions (TSE:CTS) Passed With Ease
Sep 16Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Aug 29Converge Technology Solutions Corp.'s (TSE:CTS) 32% Jump Shows Its Popularity With Investors
Aug 11Converge Technology Solutions (TSE:CTS) Shareholders Will Want The ROCE Trajectory To Continue
Jun 28Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?
Jun 06Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
May 16Financial Position Analysis
Short Term Liabilities: CTS's short term assets (CA$1.1B) exceed its short term liabilities (CA$1.0B).
Long Term Liabilities: CTS's short term assets (CA$1.1B) exceed its long term liabilities (CA$502.8M).
Debt to Equity History and Analysis
Debt Level: CTS's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: CTS had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CTS's debt is well covered by operating cash flow (60.2%).
Interest Coverage: CTS's interest payments on its debt are not well covered by EBIT (1.1x coverage).