Descartes Systems Group Balance Sheet Health
Financial Health criteria checks 6/6
Descartes Systems Group has a total shareholder equity of $1.2B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $1.5B and $236.3M respectively. Descartes Systems Group's EBIT is $164.5M making its interest coverage ratio -19.8. It has cash and short-term investments of $321.0M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -19.8x |
Cash | US$320.95m |
Equity | US$1.24b |
Total liabilities | US$236.25m |
Total assets | US$1.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DC2's short term assets ($418.2M) exceed its short term liabilities ($203.6M).
Long Term Liabilities: DC2's short term assets ($418.2M) exceed its long term liabilities ($32.6M).
Debt to Equity History and Analysis
Debt Level: DC2 is debt free.
Reducing Debt: DC2 has no debt compared to 5 years ago when its debt to equity ratio was 4.8%.
Debt Coverage: DC2 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DC2 has no debt, therefore coverage of interest payments is not a concern.