AutoCanada Balance Sheet Health
Financial Health criteria checks 2/6
AutoCanada has a total shareholder equity of CA$564.8M and total debt of CA$1.7B, which brings its debt-to-equity ratio to 308%. Its total assets and total liabilities are CA$3.2B and CA$2.6B respectively. AutoCanada's EBIT is CA$219.7M making its interest coverage ratio 1.7. It has cash and short-term investments of CA$103.1M.
Key information
308.0%
Debt to equity ratio
CA$1.74b
Debt
Interest coverage ratio | 1.7x |
Cash | CA$103.15m |
Equity | CA$564.83m |
Total liabilities | CA$2.59b |
Total assets | CA$3.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 31K's short term assets (CA$1.5B) exceed its short term liabilities (CA$1.5B).
Long Term Liabilities: 31K's short term assets (CA$1.5B) exceed its long term liabilities (CA$1.1B).
Debt to Equity History and Analysis
Debt Level: 31K's net debt to equity ratio (289.7%) is considered high.
Reducing Debt: 31K's debt to equity ratio has increased from 246% to 308% over the past 5 years.
Debt Coverage: 31K's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: 31K's interest payments on its debt are not well covered by EBIT (1.7x coverage).