CCL Industries Balance Sheet Health
Financial Health criteria checks 5/6
CCL Industries has a total shareholder equity of CA$4.3B and total debt of CA$2.2B, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are CA$8.7B and CA$4.4B respectively. CCL Industries's EBIT is CA$856.2M making its interest coverage ratio 12.2. It has cash and short-term investments of CA$839.5M.
Key information
51.2%
Debt to equity ratio
CA$2.18b
Debt
| Interest coverage ratio | 12.2x |
| Cash | CA$839.50m |
| Equity | CA$4.27b |
| Total liabilities | CA$4.40b |
| Total assets | CA$8.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCLB N's short term assets (CA$2.8B) exceed its short term liabilities (CA$1.5B).
Long Term Liabilities: CCLB N's short term assets (CA$2.8B) do not cover its long term liabilities (CA$2.9B).
Debt to Equity History and Analysis
Debt Level: CCLB N's net debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: CCLB N's debt to equity ratio has reduced from 110.1% to 51.2% over the past 5 years.
Debt Coverage: CCLB N's debt is well covered by operating cash flow (45.5%).
Interest Coverage: CCLB N's interest payments on its debt are well covered by EBIT (12.2x coverage).