Cascades Balance Sheet Health
Financial Health criteria checks 3/6
Cascades has a total shareholder equity of CA$1.8B and total debt of CA$1.7B, which brings its debt-to-equity ratio to 98.1%. Its total assets and total liabilities are CA$4.8B and CA$3.0B respectively. Cascades's EBIT is CA$266.0M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$54.0M.
Key information
98.1%
Debt to equity ratio
CA$1.75b
Debt
Interest coverage ratio | 2.1x |
Cash | CA$54.00m |
Equity | CA$1.78b |
Total liabilities | CA$2.99b |
Total assets | CA$4.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CS6's short term assets (CA$1.1B) exceed its short term liabilities (CA$819.0M).
Long Term Liabilities: CS6's short term assets (CA$1.1B) do not cover its long term liabilities (CA$2.2B).
Debt to Equity History and Analysis
Debt Level: CS6's net debt to equity ratio (95.1%) is considered high.
Reducing Debt: CS6's debt to equity ratio has reduced from 106.8% to 98.1% over the past 5 years.
Debt Coverage: CS6's debt is well covered by operating cash flow (29.2%).
Interest Coverage: CS6's interest payments on its debt are not well covered by EBIT (2.1x coverage).