Telesat Balance Sheet Health
Financial Health criteria checks 3/6
Telesat has a total shareholder equity of CA$2.4B and total debt of CA$3.3B, which brings its debt-to-equity ratio to 133.7%. Its total assets and total liabilities are CA$6.4B and CA$4.0B respectively. Telesat's EBIT is CA$633.3M making its interest coverage ratio 3.3. It has cash and short-term investments of CA$1.8B.
Key information
133.7%
Debt to equity ratio
CA$3.27b
Debt
| Interest coverage ratio | 3.3x |
| Cash | CA$1.76b |
| Equity | CA$2.45b |
| Total liabilities | CA$3.96b |
| Total assets | CA$6.41b |
Recent financial health updates
No updates
Recent updates
We Think You Should Be Aware Of Some Concerning Factors In Telesat's (TSE:TSAT) Earnings
Apr 04
Telesat 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$1.9B) exceed its short term liabilities (CA$162.4M).
Long Term Liabilities: TSAT's short term assets (CA$1.9B) do not cover its long term liabilities (CA$3.8B).
Debt to Equity History and Analysis
Debt Level: TSAT's net debt to equity ratio (61.9%) is considered high.
Reducing Debt: TSAT's debt to equity ratio has reduced from 291.3% to 133.7% over the past 5 years.
Debt Coverage: TSAT's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: TSAT's interest payments on its debt are well covered by EBIT (3.3x coverage).