CECO Environmental Balance Sheet Health
Financial Health criteria checks 4/6
CECO Environmental has a total shareholder equity of $236.2M and total debt of $137.2M, which brings its debt-to-equity ratio to 58.1%. Its total assets and total liabilities are $589.0M and $352.9M respectively. CECO Environmental's EBIT is $42.3M making its interest coverage ratio 2.9. It has cash and short-term investments of $46.6M.
Key information
58.1%
Debt to equity ratio
US$137.15m
Debt
Interest coverage ratio | 2.9x |
Cash | US$46.56m |
Equity | US$236.15m |
Total liabilities | US$352.87m |
Total assets | US$589.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WCE's short term assets ($271.6M) exceed its short term liabilities ($196.3M).
Long Term Liabilities: WCE's short term assets ($271.6M) exceed its long term liabilities ($156.6M).
Debt to Equity History and Analysis
Debt Level: WCE's net debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: WCE's debt to equity ratio has increased from 42.1% to 58.1% over the past 5 years.
Debt Coverage: WCE's debt is well covered by operating cash flow (42.2%).
Interest Coverage: WCE's interest payments on its debt are not well covered by EBIT (2.9x coverage).