SolarBank Balance Sheet Health

Financial Health criteria checks 5/6

SolarBank has a total shareholder equity of CA$18.7M and total debt of CA$6.1M, which brings its debt-to-equity ratio to 32.8%. Its total assets and total liabilities are CA$39.2M and CA$20.5M respectively. SolarBank's EBIT is CA$406.5K making its interest coverage ratio 4. It has cash and short-term investments of CA$6.2M.

Key information

32.8%

Debt to equity ratio

CA$6.14m

Debt

Interest coverage ratio4x
CashCA$6.19m
EquityCA$18.72m
Total liabilitiesCA$20.50m
Total assetsCA$39.23m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GY2's short term assets (CA$17.6M) exceed its short term liabilities (CA$13.4M).

Long Term Liabilities: GY2's short term assets (CA$17.6M) exceed its long term liabilities (CA$7.1M).


Debt to Equity History and Analysis

Debt Level: GY2 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if GY2's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GY2's debt is well covered by operating cash flow (138.3%).

Interest Coverage: GY2's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet


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