Ceres Global Ag Balance Sheet Health
Financial Health criteria checks 3/6
Ceres Global Ag has a total shareholder equity of $151.6M and total debt of $68.6M, which brings its debt-to-equity ratio to 45.3%. Its total assets and total liabilities are $281.8M and $130.3M respectively. Ceres Global Ag's EBIT is $9.7M making its interest coverage ratio 1.5. It has cash and short-term investments of $5.8M.
Key information
45.3%
Debt to equity ratio
US$68.64m
Debt
Interest coverage ratio | 1.5x |
Cash | US$5.77m |
Equity | US$151.59m |
Total liabilities | US$130.25m |
Total assets | US$281.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T76's short term assets ($145.4M) exceed its short term liabilities ($88.4M).
Long Term Liabilities: T76's short term assets ($145.4M) exceed its long term liabilities ($41.8M).
Debt to Equity History and Analysis
Debt Level: T76's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: T76's debt to equity ratio has reduced from 50.4% to 45.3% over the past 5 years.
Debt Coverage: T76's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: T76's interest payments on its debt are not well covered by EBIT (1.5x coverage).