Caribbean Utilities Company Balance Sheet Health
Financial Health criteria checks 2/6
Caribbean Utilities Company has a total shareholder equity of $325.0M and total debt of $399.7M, which brings its debt-to-equity ratio to 123%. Its total assets and total liabilities are $777.7M and $452.7M respectively. Caribbean Utilities Company's EBIT is $38.7M making its interest coverage ratio 2.1. It has cash and short-term investments of $2.8M.
Key information
123.0%
Debt to equity ratio
US$399.68m
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$2.80m |
| Equity | US$325.01m |
| Total liabilities | US$452.71m |
| Total assets | US$777.72m |
Recent financial health updates
No updates
Recent updates
Statutory Profit Doesn't Reflect How Good Caribbean Utilities Company's (TSE:CUP.U) Earnings Are
Feb 16
Need To Know: One Analyst Is Much More Bullish On Caribbean Utilities Company, Ltd. (TSE:CUP.U) Revenues
Feb 15Caribbean Utilities Company (TSE:CUP.U) Is Due To Pay A Dividend Of $0.18
Feb 09Caribbean Utilities Company (TSE:CUP.U) Is Due To Pay A Dividend Of $0.18
Nov 11Caribbean Utilities Company (TSE:CUP.U) Is Due To Pay A Dividend Of $0.18
Aug 29Caribbean Utilities Company (TSE:CUP.U) Has Announced That It Will Be Increasing Its Dividend To $0.18
May 15Caribbean Utilities Company (TSE:CUP.U) Has Affirmed Its Dividend Of $0.175
Feb 18Broker Revenue Forecasts For Caribbean Utilities Company, Ltd. (TSE:CUP.U) Are Surging Higher
Nov 04Caribbean Utilities Company (TSE:CUP.U) Is Due To Pay A Dividend Of $0.175
Aug 14We Like Caribbean Utilities Company's (TSE:CUP.U) Earnings For More Than Just Statutory Profit
Aug 10Financial Position Analysis
Short Term Liabilities: CUP.U's short term assets ($67.8M) do not cover its short term liabilities ($133.1M).
Long Term Liabilities: CUP.U's short term assets ($67.8M) do not cover its long term liabilities ($319.6M).
Debt to Equity History and Analysis
Debt Level: CUP.U's net debt to equity ratio (122.1%) is considered high.
Reducing Debt: CUP.U's debt to equity ratio has reduced from 126.2% to 123% over the past 5 years.
Debt Coverage: CUP.U's debt is well covered by operating cash flow (23.7%).
Interest Coverage: CUP.U's interest payments on its debt are not well covered by EBIT (2.1x coverage).