Ceres Global Ag Balance Sheet Health
Financial Health criteria checks 5/6
Ceres Global Ag has a total shareholder equity of $152.4M and total debt of $59.3M, which brings its debt-to-equity ratio to 38.9%. Its total assets and total liabilities are $314.7M and $162.3M respectively. Ceres Global Ag's EBIT is $10.5M making its interest coverage ratio 1.9. It has cash and short-term investments of $1.9M.
Key information
38.9%
Debt to equity ratio
US$59.28m
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$1.85m |
| Equity | US$152.41m |
| Total liabilities | US$162.30m |
| Total assets | US$314.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T76's short term assets ($186.4M) exceed its short term liabilities ($124.0M).
Long Term Liabilities: T76's short term assets ($186.4M) exceed its long term liabilities ($38.3M).
Debt to Equity History and Analysis
Debt Level: T76's net debt to equity ratio (37.7%) is considered satisfactory.
Reducing Debt: T76's debt to equity ratio has reduced from 53.2% to 38.9% over the past 5 years.
Debt Coverage: T76's debt is well covered by operating cash flow (114.4%).
Interest Coverage: T76's interest payments on its debt are not well covered by EBIT (1.9x coverage).