Canlan Ice Sports Balance Sheet Health
Financial Health criteria checks 2/6
Canlan Ice Sports has a total shareholder equity of CA$48.1M and total debt of CA$42.0M, which brings its debt-to-equity ratio to 87.3%. Its total assets and total liabilities are CA$118.8M and CA$70.7M respectively. Canlan Ice Sports's EBIT is CA$1.6M making its interest coverage ratio 0.5. It has cash and short-term investments of CA$16.4M.
Key information
87.3%
Debt to equity ratio
CA$42.00m
Debt
| Interest coverage ratio | 0.5x |
| Cash | CA$16.45m |
| Equity | CA$48.09m |
| Total liabilities | CA$70.70m |
| Total assets | CA$118.79m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QV5's short term assets (CA$21.2M) do not cover its short term liabilities (CA$23.2M).
Long Term Liabilities: QV5's short term assets (CA$21.2M) do not cover its long term liabilities (CA$47.5M).
Debt to Equity History and Analysis
Debt Level: QV5's net debt to equity ratio (53.1%) is considered high.
Reducing Debt: QV5's debt to equity ratio has reduced from 123% to 87.3% over the past 5 years.
Debt Coverage: QV5's debt is well covered by operating cash flow (20.6%).
Interest Coverage: QV5's interest payments on its debt are not well covered by EBIT (0.5x coverage).