Aecon Group Balance Sheet Health
Financial Health criteria checks 5/6
Aecon Group has a total shareholder equity of CA$962.2M and total debt of CA$350.6M, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are CA$3.3B and CA$2.4B respectively. Aecon Group's EBIT is CA$21.9M making its interest coverage ratio 0.6. It has cash and short-term investments of CA$506.1M.
Key information
36.4%
Debt to equity ratio
CA$350.62m
Debt
| Interest coverage ratio | 0.6x |
| Cash | CA$506.08m |
| Equity | CA$962.25m |
| Total liabilities | CA$2.37b |
| Total assets | CA$3.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2AE's short term assets (CA$2.4B) exceed its short term liabilities (CA$2.1B).
Long Term Liabilities: 2AE's short term assets (CA$2.4B) exceed its long term liabilities (CA$321.4M).
Debt to Equity History and Analysis
Debt Level: 2AE has more cash than its total debt.
Reducing Debt: 2AE's debt to equity ratio has reduced from 69.5% to 36.4% over the past 5 years.
Debt Coverage: 2AE's debt is well covered by operating cash flow (41.9%).
Interest Coverage: 2AE's interest payments on its debt are not well covered by EBIT (0.6x coverage).