Cargojet Balance Sheet Health
Financial Health criteria checks 2/6
Cargojet has a total shareholder equity of CA$712.3M and total debt of CA$598.1M, which brings its debt-to-equity ratio to 84%. Its total assets and total liabilities are CA$1.9B and CA$1.1B respectively. Cargojet's EBIT is CA$80.3M making its interest coverage ratio 1.3. It has cash and short-term investments of CA$6.7M.
Key information
84.0%
Debt to equity ratio
CA$598.10m
Debt
| Interest coverage ratio | 1.3x |
| Cash | CA$6.70m |
| Equity | CA$712.30m |
| Total liabilities | CA$1.14b |
| Total assets | CA$1.86b |
Recent financial health updates
Is Cargojet (TSE:CJT) Using Too Much Debt?
Dec 03
Cargojet (TSE:CJT) Has A Somewhat Strained Balance Sheet
Aug 28Is Cargojet (TSE:CJT) Using Too Much Debt?
Apr 11Cargojet (TSE:CJT) Has A Somewhat Strained Balance Sheet
Sep 14Is Cargojet (TSE:CJT) Using Too Much Debt?
Oct 19Recent updates
Is There Now An Opportunity In Cargojet Inc. (TSE:CJT)?
Jan 03Is Cargojet Inc. (TSE:CJT) Expensive For A Reason? A Look At Its Intrinsic Value
Dec 17Is Cargojet (TSE:CJT) Using Too Much Debt?
Dec 03Cargojet's (TSE:CJT) Conservative Accounting Might Explain Soft Earnings
Nov 13Investors Could Be Concerned With Cargojet's (TSE:CJT) Returns On Capital
Sep 27Cargojet (TSE:CJT) Has A Somewhat Strained Balance Sheet
Aug 28Should You Investigate Cargojet Inc. (TSE:CJT) At CA$130?
Jul 18Market Participants Recognise Cargojet Inc.'s (TSE:CJT) Revenues Pushing Shares 28% Higher
Jul 04Estimating The Fair Value Of Cargojet Inc. (TSE:CJT)
Jun 28Returns On Capital Signal Tricky Times Ahead For Cargojet (TSE:CJT)
May 29Is Cargojet (TSE:CJT) Using Too Much Debt?
Apr 11Cargojet Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Feb 29Investor Optimism Abounds Cargojet Inc. (TSE:CJT) But Growth Is Lacking
Feb 14Investors Could Be Concerned With Cargojet's (TSE:CJT) Returns On Capital
Jan 13Is Now An Opportune Moment To Examine Cargojet Inc. (TSE:CJT)?
Dec 21Cargojet (TSE:CJT) Will Pay A Larger Dividend Than Last Year At CA$0.3146
Nov 15Capital Allocation Trends At Cargojet (TSE:CJT) Aren't Ideal
Oct 03Cargojet (TSE:CJT) Has A Somewhat Strained Balance Sheet
Sep 14What Does Cargojet Inc.'s (TSE:CJT) Share Price Indicate?
Aug 18Cargojet (TSE:CJT) Is Paying Out A Dividend Of CA$0.286
Jun 09Cargojet (TSE:CJT) Is Due To Pay A Dividend Of CA$0.286
May 25Returns At Cargojet (TSE:CJT) Appear To Be Weighed Down
May 12Cargojet Inc.'s (TSE:CJT) Intrinsic Value Is Potentially 59% Above Its Share Price
Apr 08Why Cargojet Inc. (TSE:CJT) Could Be Worth Watching
Mar 07Returns At Cargojet (TSE:CJT) Appear To Be Weighed Down
Feb 02Does Cargojet (TSE:CJT) Deserve A Spot On Your Watchlist?
Jan 18What Does Cargojet Inc.'s (TSE:CJT) Share Price Indicate?
Nov 14Investors Met With Slowing Returns on Capital At Cargojet (TSE:CJT)
Oct 31Is Cargojet (TSE:CJT) Using Too Much Debt?
Oct 19With EPS Growth And More, Cargojet (TSE:CJT) Makes An Interesting Case
Aug 30Financial Position Analysis
Short Term Liabilities: CJT's short term assets (CA$133.3M) do not cover its short term liabilities (CA$239.0M).
Long Term Liabilities: CJT's short term assets (CA$133.3M) do not cover its long term liabilities (CA$905.5M).
Debt to Equity History and Analysis
Debt Level: CJT's net debt to equity ratio (83%) is considered high.
Reducing Debt: CJT's debt to equity ratio has reduced from 301.7% to 84% over the past 5 years.
Debt Coverage: CJT's debt is well covered by operating cash flow (43%).
Interest Coverage: CJT's interest payments on its debt are not well covered by EBIT (1.3x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/03 15:54 |
| End of Day Share Price | 2025/02/03 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Cargojet Inc. is covered by 15 analysts. 10 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 |
|---|---|
| Nick Corcoran | Acumen Capital Finance Partners Limited |
| Christopher Murray | ATB Capital Markets |
| Ahmad Shaath | Beacon Securities Limited |