Global Education Communities Balance Sheet Health
Financial Health criteria checks 0/6
Global Education Communities has a total shareholder equity of CA$166.7M and total debt of CA$243.5M, which brings its debt-to-equity ratio to 146%. Its total assets and total liabilities are CA$486.3M and CA$319.5M respectively. Global Education Communities's EBIT is CA$8.4M making its interest coverage ratio 0.5. It has cash and short-term investments of CA$3.1M.
Key information
146.0%
Debt to equity ratio
CA$243.50m
Debt
| Interest coverage ratio | 0.5x |
| Cash | CA$3.08m |
| Equity | CA$166.75m |
| Total liabilities | CA$319.54m |
| Total assets | CA$486.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: O3V's short term assets (CA$29.0M) do not cover its short term liabilities (CA$148.6M).
Long Term Liabilities: O3V's short term assets (CA$29.0M) do not cover its long term liabilities (CA$170.9M).
Debt to Equity History and Analysis
Debt Level: O3V's net debt to equity ratio (144.2%) is considered high.
Reducing Debt: O3V's debt to equity ratio has increased from 66.4% to 146% over the past 5 years.
Debt Coverage: O3V's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: O3V's interest payments on its debt are not well covered by EBIT (0.5x coverage).