Cascades Balance Sheet Health
Financial Health criteria checks 2/6
Cascades has a total shareholder equity of CA$1.8B and total debt of CA$1.9B, which brings its debt-to-equity ratio to 106.2%. Its total assets and total liabilities are CA$4.9B and CA$3.1B respectively. Cascades's EBIT is CA$179.0M making its interest coverage ratio 1.3. It has cash and short-term investments of CA$34.0M.
Key information
106.2%
Debt to equity ratio
CA$1.86b
Debt
| Interest coverage ratio | 1.3x |
| Cash | CA$34.00m |
| Equity | CA$1.75b |
| Total liabilities | CA$3.11b |
| Total assets | CA$4.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CS6's short term assets (CA$1.2B) exceed its short term liabilities (CA$971.0M).
Long Term Liabilities: CS6's short term assets (CA$1.2B) do not cover its long term liabilities (CA$2.1B).
Debt to Equity History and Analysis
Debt Level: CS6's net debt to equity ratio (104.2%) is considered high.
Reducing Debt: CS6's debt to equity ratio has reduced from 115.1% to 106.2% over the past 5 years.
Debt Coverage: CS6's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: CS6's interest payments on its debt are not well covered by EBIT (1.3x coverage).