Converge Technology Solutions Balance Sheet Health
Financial Health criteria checks 5/6
Converge Technology Solutions has a total shareholder equity of CA$359.5M and total debt of CA$308.3M, which brings its debt-to-equity ratio to 85.8%. Its total assets and total liabilities are CA$2.0B and CA$1.7B respectively. Converge Technology Solutions's EBIT is CA$51.8M making its interest coverage ratio 1.6. It has cash and short-term investments of CA$180.5M.
Key information
85.8%
Debt to equity ratio
CA$308.34m
Debt
| Interest coverage ratio | 1.6x |
| Cash | CA$180.46m |
| Equity | CA$359.47m |
| Total liabilities | CA$1.66b |
| Total assets | CA$2.02b |
Recent financial health updates
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Sep 04
We Think Converge Technology Solutions (TSE:CTS) Is Taking Some Risk With Its Debt
May 23Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Nov 08Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Nov 29Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Aug 29Recent updates
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Sep 04Pinning Down Converge Technology Solutions Corp.'s (TSE:CTS) P/S Is Difficult Right Now
Jun 21We Think Converge Technology Solutions (TSE:CTS) Is Taking Some Risk With Its Debt
May 23Is Converge Technology Solutions Corp. (TSE:CTS) Trading At A 49% Discount?
May 02Capital 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 28Financial Position Analysis
Short Term Liabilities: CTS's short term assets (CA$1.1B) do not cover its short term liabilities (CA$1.1B).
Long Term Liabilities: CTS's short term assets (CA$1.1B) exceed its long term liabilities (CA$548.6M).
Debt to Equity History and Analysis
Debt Level: CTS's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: CTS had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CTS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CTS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 52.3% per year.