Telesat Balance Sheet Health
Financial Health criteria checks 2/6
Telesat has a total shareholder equity of CA$2.6B and total debt of CA$2.9B, which brings its debt-to-equity ratio to 110.8%. Its total assets and total liabilities are CA$6.3B and CA$3.7B respectively. Telesat's EBIT is CA$255.1M making its interest coverage ratio 1.5. It has cash and short-term investments of CA$1.1B.
Key information
110.8%
Debt to equity ratio
CA$2.93b
Debt
| Interest coverage ratio | 1.5x |
| Cash | CA$1.08b |
| Equity | CA$2.64b |
| Total liabilities | CA$3.69b |
| Total assets | CA$6.33b |
Recent financial health updates
Is Telesat (TSE:TSAT) Using Too Much Debt?
Nov 21
Telesat (TSE:TSAT) Takes On Some Risk With Its Use Of Debt
Aug 15Recent updates
Telesat Corporation (TSE:TSAT) Shares Fly 26% But Investors Aren't Buying For Growth
Jan 03Telesat's (TSE:TSAT) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 22Is Telesat (TSE:TSAT) Using Too Much Debt?
Nov 21Market Might Still Lack Some Conviction On Telesat Corporation (TSE:TSAT) Even After 37% Share Price Boost
Oct 17Returns On Capital At Telesat (TSE:TSAT) Paint A Concerning Picture
Oct 04Investors Still Aren't Entirely Convinced By Telesat Corporation's (TSE:TSAT) Earnings Despite 25% Price Jump
Aug 28Telesat (TSE:TSAT) Takes On Some Risk With Its Use Of Debt
Aug 15Telesat Corporation's (TSE:TSAT) Share Price Boosted 30% But Its Business Prospects Need A Lift Too
May 29We Think You Should Be Aware Of Some Concerning Factors In Telesat's (TSE:TSAT) Earnings
Apr 04Telesat Corporation (TSE:TSAT) Looks Inexpensive But Perhaps Not Attractive Enough
Feb 29The Returns At Telesat (TSE:TSAT) Aren't Growing
Sep 20These Return Metrics Don't Make Telesat (TSE:TSAT) Look Too Strong
Mar 08Telesat (TSE:TSAT) May Have Issues Allocating Its Capital
Nov 23A Look At The Fair Value Of Telesat Corporation (TSE:TSAT)
Oct 05Telesat's (TSE:TSAT) Problems Go Beyond Weak Profit
Aug 13Estimating The Intrinsic Value Of Telesat Corporation (TSE:TSAT)
May 19Investors Don't See Light At End Of Telesat Corporation's (TSE:TSAT) Tunnel And Push Stock Down 26%
Apr 06Financial Position Analysis
Short Term Liabilities: TSAT's short term assets (CA$1.3B) exceed its short term liabilities (CA$290.1M).
Long Term Liabilities: TSAT's short term assets (CA$1.3B) do not cover its long term liabilities (CA$3.4B).
Debt to Equity History and Analysis
Debt Level: TSAT's net debt to equity ratio (70%) is considered high.
Reducing Debt: TSAT's debt to equity ratio has reduced from 289% to 110.8% over the past 5 years.
Debt Coverage: TSAT's debt is not well covered by operating cash flow (2.6%).
Interest Coverage: TSAT's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 15:22 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Telesat Corporation is covered by 2 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David McFadgen | Cormark Securities Inc. |
| Christopher Quilty | Quilty Space Inc. |