CT Automotive Group Balance Sheet Health
Financial Health criteria checks 6/6
CT Automotive Group has a total shareholder equity of $21.6M and total debt of $10.2M, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are $78.4M and $56.7M respectively. CT Automotive Group's EBIT is $11.0M making its interest coverage ratio 4.2. It has cash and short-term investments of $4.4M.
Key information
47.3%
Debt to equity ratio
US$10.24m
Debt
| Interest coverage ratio | 4.2x |
| Cash | US$4.38m |
| Equity | US$21.65m |
| Total liabilities | US$56.70m |
| Total assets | US$78.35m |
Financial Position Analysis
Short Term Liabilities: CTA's short term assets ($60.3M) exceed its short term liabilities ($51.3M).
Long Term Liabilities: CTA's short term assets ($60.3M) exceed its long term liabilities ($5.4M).
Debt to Equity History and Analysis
Debt Level: CTA's net debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: CTA had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CTA's debt is well covered by operating cash flow (129.5%).
Interest Coverage: CTA's interest payments on its debt are well covered by EBIT (4.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 17:47 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
CT Automotive Group plc is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Maravanyika | Panmure Liberum |