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 |
Recent financial health updates
No updates
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).