Converge Technology Solutions Balance Sheet Health
Financial Health criteria checks 5/6
Converge Technology Solutions has a total shareholder equity of CA$359.5M and total debt of CA$308.3M, which brings its debt-to-equity ratio to 85.8%. Its total assets and total liabilities are CA$2.0B and CA$1.7B respectively. Converge Technology Solutions's EBIT is CA$51.8M making its interest coverage ratio 1.5. It has cash and short-term investments of CA$180.5M.
Key information
85.8%
Debt to equity ratio
CA$308.34m
Debt
| Interest coverage ratio | 1.5x |
| Cash | CA$180.46m |
| Equity | CA$359.47m |
| Total liabilities | CA$1.66b |
| Total assets | CA$2.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0ZB's short term assets (CA$1.1B) do not cover its short term liabilities (CA$1.1B).
Long Term Liabilities: 0ZB's short term assets (CA$1.1B) exceed its long term liabilities (CA$548.6M).
Debt to Equity History and Analysis
Debt Level: 0ZB's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: 0ZB had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 0ZB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0ZB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 52.4% per year.