Imaflex Balance Sheet Health
Financial Health criteria checks 5/6
Imaflex has a total shareholder equity of CA$58.0M and total debt of CA$5.3M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are CA$85.0M and CA$26.9M respectively. Imaflex's EBIT is CA$3.6M making its interest coverage ratio 6.1. It has cash and short-term investments of CA$887.0K.
Key information
9.1%
Debt to equity ratio
CA$5.30m
Debt
Interest coverage ratio | 6.1x |
Cash | CA$887.00k |
Equity | CA$58.04m |
Total liabilities | CA$26.93m |
Total assets | CA$84.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6YS's short term assets (CA$34.3M) exceed its short term liabilities (CA$16.9M).
Long Term Liabilities: 6YS's short term assets (CA$34.3M) exceed its long term liabilities (CA$10.1M).
Debt to Equity History and Analysis
Debt Level: 6YS's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: 6YS's debt to equity ratio has reduced from 35.4% to 9.1% over the past 5 years.
Debt Coverage: 6YS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6YS's interest payments on its debt are well covered by EBIT (6.1x coverage).