Element Fleet Management Balance Sheet Health
Financial Health criteria checks 2/6
Element Fleet Management has a total shareholder equity of CA$3.9B and total debt of CA$10.8B, which brings its debt-to-equity ratio to 277.7%. Its total assets and total liabilities are CA$16.5B and CA$12.6B respectively.
Key information
277.7%
Debt to equity ratio
CA$10.83b
Debt
Interest coverage ratio | n/a |
Cash | CA$241.02m |
Equity | CA$3.90b |
Total liabilities | CA$12.57b |
Total assets | CA$16.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 61F's short term assets (CA$10.4B) exceed its short term liabilities (CA$1.5B).
Long Term Liabilities: 61F's short term assets (CA$10.4B) do not cover its long term liabilities (CA$11.0B).
Debt to Equity History and Analysis
Debt Level: 61F's net debt to equity ratio (271.5%) is considered high.
Reducing Debt: 61F's debt to equity ratio has reduced from 358.1% to 277.7% over the past 5 years.
Debt Coverage: 61F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 61F's interest payments on its debt are well covered by EBIT.