BQE Water Balance Sheet Health
Financial Health criteria checks 6/6
BQE Water has a total shareholder equity of CA$15.4M and total debt of CA$356.1K, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are CA$19.5M and CA$4.2M respectively. BQE Water's EBIT is CA$998.2K making its interest coverage ratio -3.5. It has cash and short-term investments of CA$7.8M.
Key information
2.3%
Debt to equity ratio
CA$356.10k
Debt
| Interest coverage ratio | -3.5x |
| Cash | CA$7.79m |
| Equity | CA$15.36m |
| Total liabilities | CA$4.15m |
| Total assets | CA$19.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UL5A's short term assets (CA$12.0M) exceed its short term liabilities (CA$2.1M).
Long Term Liabilities: UL5A's short term assets (CA$12.0M) exceed its long term liabilities (CA$2.0M).
Debt to Equity History and Analysis
Debt Level: UL5A has more cash than its total debt.
Reducing Debt: UL5A's debt to equity ratio has reduced from 2.4% to 2.3% over the past 5 years.
Debt Coverage: UL5A's debt is well covered by operating cash flow (361.1%).
Interest Coverage: UL5A earns more interest than it pays, so coverage of interest payments is not a concern.