Altus Group Balance Sheet Health
Financial Health criteria checks 4/6
Altus Group has a total shareholder equity of CA$616.7M and total debt of CA$305.1M, which brings its debt-to-equity ratio to 49.5%. Its total assets and total liabilities are CA$1.2B and CA$601.7M respectively. Altus Group's EBIT is CA$74.5M making its interest coverage ratio 3. It has cash and short-term investments of CA$39.6M.
Key information
49.5%
Debt to equity ratio
CA$305.10m
Debt
| Interest coverage ratio | 3x |
| Cash | CA$39.64m |
| Equity | CA$616.73m |
| Total liabilities | CA$601.68m |
| Total assets | CA$1.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 53U's short term assets (CA$476.1M) exceed its short term liabilities (CA$227.4M).
Long Term Liabilities: 53U's short term assets (CA$476.1M) exceed its long term liabilities (CA$374.3M).
Debt to Equity History and Analysis
Debt Level: 53U's net debt to equity ratio (43%) is considered high.
Reducing Debt: 53U's debt to equity ratio has increased from 40.4% to 49.5% over the past 5 years.
Debt Coverage: 53U's debt is well covered by operating cash flow (32.7%).
Interest Coverage: 53U's interest payments on its debt are well covered by EBIT (3x coverage).