Roots Balance Sheet Health
Financial Health criteria checks 4/6
Roots has a total shareholder equity of CA$177.4M and total debt of CA$43.5M, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are CA$351.2M and CA$173.8M respectively. Roots's EBIT is CA$13.1M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$2.7M.
Key information
24.5%
Debt to equity ratio
CA$43.48m
Debt
| Interest coverage ratio | 1.4x |
| Cash | CA$2.70m |
| Equity | CA$177.36m |
| Total liabilities | CA$173.80m |
| Total assets | CA$351.16m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4RO's short term assets (CA$65.3M) exceed its short term liabilities (CA$59.0M).
Long Term Liabilities: 4RO's short term assets (CA$65.3M) do not cover its long term liabilities (CA$114.8M).
Debt to Equity History and Analysis
Debt Level: 4RO's net debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: 4RO's debt to equity ratio has reduced from 71.1% to 24.5% over the past 5 years.
Debt Coverage: 4RO's debt is well covered by operating cash flow (87%).
Interest Coverage: 4RO's interest payments on its debt are not well covered by EBIT (1.4x coverage).