Steer Technologies Balance Sheet Health
Financial Health criteria checks 2/6
Steer Technologies has a total shareholder equity of CA$22.2M and total debt of CA$110.0K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CA$47.4M and CA$25.2M respectively.
Key information
0.5%
Debt to equity ratio
CA$110.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$494.47k |
Equity | CA$22.21m |
Total liabilities | CA$25.18m |
Total assets | CA$47.38m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: STER's short term assets (CA$1.8M) do not cover its short term liabilities (CA$11.7M).
Long Term Liabilities: STER's short term assets (CA$1.8M) do not cover its long term liabilities (CA$13.4M).
Debt to Equity History and Analysis
Debt Level: STER has more cash than its total debt.
Reducing Debt: STER had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: STER's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if STER's interest payments on its debt are well covered by EBIT.