Carmit Candy Industries Balance Sheet Health
Financial Health criteria checks 2/6
Carmit Candy Industries has a total shareholder equity of ₪75.8M and total debt of ₪131.4M, which brings its debt-to-equity ratio to 173.4%. Its total assets and total liabilities are ₪256.4M and ₪180.6M respectively. Carmit Candy Industries's EBIT is ₪17.4M making its interest coverage ratio 1.3. It has cash and short-term investments of ₪2.1M.
Key information
173.4%
Debt to equity ratio
₪131.37m
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₪2.08m |
| Equity | ₪75.78m |
| Total liabilities | ₪180.63m |
| Total assets | ₪256.42m |
Recent financial health updates
These 4 Measures Indicate That Carmit Candy Industries (TLV:CRMT) Is Using Debt Extensively
May 21
Carmit Candy Industries (TLV:CRMT) Has No Shortage Of Debt
Aug 25Recent updates
Carmit Candy Industries Ltd.'s (TLV:CRMT) 27% Share Price Surge Not Quite Adding Up
Aug 20These 4 Measures Indicate That Carmit Candy Industries (TLV:CRMT) Is Using Debt Extensively
May 21Carmit Candy Industries (TLV:CRMT) Hasn't Managed To Accelerate Its Returns
Dec 29Carmit 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 (₪130.6M) exceed its short term liabilities (₪111.0M).
Long Term Liabilities: CRMT's short term assets (₪130.6M) exceed its long term liabilities (₪69.6M).
Debt to Equity History and Analysis
Debt Level: CRMT's net debt to equity ratio (170.6%) is considered high.
Reducing Debt: CRMT's debt to equity ratio has increased from 34.8% to 173.4% over the past 5 years.
Debt Coverage: CRMT's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: CRMT's interest payments on its debt are not well covered by EBIT (1.3x coverage).