Corus Entertainment Balance Sheet Health

Financial Health criteria checks 2/6

Corus Entertainment has a total shareholder equity of CA$-341.7M and total debt of CA$1.1B, which brings its debt-to-equity ratio to -308.1%. Its total assets and total liabilities are CA$1.5B and CA$1.8B respectively. Corus Entertainment's EBIT is CA$172.4M making its interest coverage ratio 1.7. It has cash and short-term investments of CA$82.4M.

Key information

-308.1%

Debt to equity ratio

CA$1.05b

Debt

Interest coverage ratio1.7x
CashCA$82.42m
Equity-CA$341.73m
Total liabilitiesCA$1.83b
Total assetsCA$1.49b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 9CO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 9CO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 9CO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 9CO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 9CO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 9CO is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 19.5% per year.


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