Halmont Properties Balance Sheet Health
Financial Health criteria checks 2/6
Halmont Properties has a total shareholder equity of CA$177.3M and total debt of CA$73.1M, which brings its debt-to-equity ratio to 41.2%. Its total assets and total liabilities are CA$264.2M and CA$86.9M respectively. Halmont Properties's EBIT is CA$13.6M making its interest coverage ratio 2.5. It has cash and short-term investments of CA$259.0K.
Key information
41.2%
Debt to equity ratio
CA$73.07m
Debt
Interest coverage ratio | 2.5x |
Cash | CA$259.00k |
Equity | CA$177.29m |
Total liabilities | CA$86.87m |
Total assets | CA$264.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MD0's short term assets (CA$39.0M) exceed its short term liabilities (CA$1.2M).
Long Term Liabilities: MD0's short term assets (CA$39.0M) do not cover its long term liabilities (CA$85.7M).
Debt to Equity History and Analysis
Debt Level: MD0's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: MD0's debt to equity ratio has reduced from 99.4% to 41.2% over the past 5 years.
Debt Coverage: MD0's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MD0's interest payments on its debt are not well covered by EBIT (2.5x coverage).