Cargojet Balance Sheet Health
Financial Health criteria checks 2/6
Cargojet has a total shareholder equity of CA$712.3M and total debt of CA$598.1M, which brings its debt-to-equity ratio to 84%. Its total assets and total liabilities are CA$1.9B and CA$1.1B respectively. Cargojet's EBIT is CA$80.3M making its interest coverage ratio 1.3. It has cash and short-term investments of CA$6.7M.
Key information
84.0%
Debt to equity ratio
CA$598.10m
Debt
| Interest coverage ratio | 1.3x |
| Cash | CA$6.70m |
| Equity | CA$712.30m |
| Total liabilities | CA$1.14b |
| Total assets | CA$1.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CJ8A's short term assets (CA$133.3M) do not cover its short term liabilities (CA$239.0M).
Long Term Liabilities: CJ8A's short term assets (CA$133.3M) do not cover its long term liabilities (CA$905.5M).
Debt to Equity History and Analysis
Debt Level: CJ8A's net debt to equity ratio (83%) is considered high.
Reducing Debt: CJ8A's debt to equity ratio has reduced from 301.7% to 84% over the past 5 years.
Debt Coverage: CJ8A's debt is well covered by operating cash flow (43%).
Interest Coverage: CJ8A's interest payments on its debt are not well covered by EBIT (1.3x coverage).