Carmit Candy Industries Balance Sheet Health
Financial Health criteria checks 2/6
Carmit Candy Industries has a total shareholder equity of ₪72.9M and total debt of ₪128.2M, which brings its debt-to-equity ratio to 175.9%. Its total assets and total liabilities are ₪246.6M and ₪173.7M respectively. Carmit Candy Industries's EBIT is ₪12.3M making its interest coverage ratio 1.3. It has cash and short-term investments of ₪4.6M.
Key information
175.9%
Debt to equity ratio
₪128.22m
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₪4.55m |
| Equity | ₪72.91m |
| Total liabilities | ₪173.71m |
| Total assets | ₪246.62m |
Recent financial health updates
Recent updates
Carmit Candy Industries (TLV:CRMT) Hasn't Managed To Accelerate Its Returns
Dec 29
Carmit Candy Industries (TLV:CRMT) Has No Shortage Of Debt
Aug 25There Are Reasons To Feel Uneasy About Carmit Candy Industries' (TLV:CRMT) Returns On Capital
Jul 11Returns On Capital At Carmit Candy Industries (TLV:CRMT) Have Hit The Brakes
Apr 16Some Investors May Be Worried About Carmit Candy Industries' (TLV:CRMT) Returns On Capital
Apr 30We Believe That Carmit Candy Industries' (TLV:CRMT) Weak Earnings Are A Good Indicator Of Underlying Profitability
Mar 25Are Carmit Candy Industries Ltd.'s (TLV:CRMT) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Feb 28Does Carmit Candy Industries (TLV:CRMT) Have The Makings Of A Multi-Bagger?
Dec 20Carmit Candy Industries Ltd.'s (TLV:CRMT) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Nov 30Financial Position Analysis
Short Term Liabilities: CRMT's short term assets (₪121.4M) exceed its short term liabilities (₪104.9M).
Long Term Liabilities: CRMT's short term assets (₪121.4M) exceed its long term liabilities (₪68.8M).
Debt to Equity History and Analysis
Debt Level: CRMT's net debt to equity ratio (169.6%) is considered high.
Reducing Debt: CRMT's debt to equity ratio has increased from 8.9% to 175.9% over the past 5 years.
Debt Coverage: CRMT's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: CRMT's interest payments on its debt are not well covered by EBIT (1.3x coverage).