Sherritt International Balance Sheet Health
Financial Health criteria checks 5/6
Sherritt International has a total shareholder equity of CA$613.6M and total debt of CA$355.6M, which brings its debt-to-equity ratio to 58%. Its total assets and total liabilities are CA$1.4B and CA$777.0M respectively.
Key information
58.0%
Debt to equity ratio
CA$355.60m
Debt
Interest coverage ratio | n/a |
Cash | CA$119.10m |
Equity | CA$613.60m |
Total liabilities | CA$777.00m |
Total assets | CA$1.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HRT's short term assets (CA$399.0M) exceed its short term liabilities (CA$287.3M).
Long Term Liabilities: HRT's short term assets (CA$399.0M) do not cover its long term liabilities (CA$489.7M).
Debt to Equity History and Analysis
Debt Level: HRT's net debt to equity ratio (38.5%) is considered satisfactory.
Reducing Debt: HRT's debt to equity ratio has reduced from 62.4% to 58% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable HRT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HRT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 56.7% per year.