Extendicare Balance Sheet Health
Financial Health criteria checks 4/6
Extendicare has a total shareholder equity of CA$113.7M and total debt of CA$277.7M, which brings its debt-to-equity ratio to 244.3%. Its total assets and total liabilities are CA$728.0M and CA$614.3M respectively. Extendicare's EBIT is CA$113.6M making its interest coverage ratio 8.4. It has cash and short-term investments of CA$154.3M.
Key information
244.3%
Debt to equity ratio
CA$277.70m
Debt
| Interest coverage ratio | 8.4x |
| Cash | CA$154.30m |
| Equity | CA$113.68m |
| Total liabilities | CA$614.29m |
| Total assets | CA$727.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0S9E's short term assets (CA$256.9M) do not cover its short term liabilities (CA$416.8M).
Long Term Liabilities: 0S9E's short term assets (CA$256.9M) exceed its long term liabilities (CA$197.5M).
Debt to Equity History and Analysis
Debt Level: 0S9E's net debt to equity ratio (108.5%) is considered high.
Reducing Debt: 0S9E's debt to equity ratio has reduced from 412.5% to 244.3% over the past 5 years.
Debt Coverage: 0S9E's debt is well covered by operating cash flow (52.3%).
Interest Coverage: 0S9E's interest payments on its debt are well covered by EBIT (8.4x coverage).