Cargojet Balance Sheet Health
Financial Health criteria checks 2/6
Cargojet has a total shareholder equity of CA$786.4M and total debt of CA$558.9M, which brings its debt-to-equity ratio to 71.1%. Its total assets and total liabilities are CA$1.9B and CA$1.1B respectively. Cargojet's EBIT is CA$67.1M making its interest coverage ratio 1.1. It has cash and short-term investments of CA$19.9M.
Key information
71.1%
Debt to equity ratio
CA$558.90m
Debt
| Interest coverage ratio | 1.1x |
| Cash | CA$19.90m |
| Equity | CA$786.40m |
| Total liabilities | CA$1.08b |
| Total assets | CA$1.86b |
Recent financial health updates
Is Cargojet (TSE:CJT) Using Too Much Debt?
Apr 11
Cargojet (TSE:CJT) Has A Somewhat Strained Balance Sheet
Sep 14Is Cargojet (TSE:CJT) Using Too Much Debt?
Oct 19Cargojet (TSE:CJT) Takes On Some Risk With Its Use Of Debt
Jul 20Is Cargojet (TSE:CJT) Using Too Much Debt?
Mar 14Cargojet (TSE:CJT) Seems To Use Debt Quite Sensibly
Dec 08Recent updates
Estimating 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 30Cargojet (TSE:CJT) Takes On Some Risk With Its Use Of Debt
Jul 20The Returns At Cargojet (TSE:CJT) Aren't Growing
Jul 05Should You Be Adding Cargojet (TSE:CJT) To Your Watchlist Today?
May 14Is Cargojet (TSE:CJT) Using Too Much Debt?
Mar 14Here's What To Make Of Cargojet's (TSE:CJT) Decelerating Rates Of Return
Feb 19Cargojet (TSE:CJT) Seems To Use Debt Quite Sensibly
Dec 08Cargojet's (TSE:CJT) Returns On Capital Are Heading Higher
Oct 05Financial Position Analysis
Short Term Liabilities: CJT's short term assets (CA$144.9M) do not cover its short term liabilities (CA$150.3M).
Long Term Liabilities: CJT's short term assets (CA$144.9M) do not cover its long term liabilities (CA$928.0M).
Debt to Equity History and Analysis
Debt Level: CJT's net debt to equity ratio (68.5%) is considered high.
Reducing Debt: CJT's debt to equity ratio has reduced from 265.1% to 71.1% over the past 5 years.
Debt Coverage: CJT's debt is well covered by operating cash flow (37.6%).
Interest Coverage: CJT's interest payments on its debt are not well covered by EBIT (1.1x coverage).