Altus Group Balance Sheet Health
Financial Health criteria checks 3/6
Altus Group has a total shareholder equity of CA$599.9M and total debt of CA$317.8M, which brings its debt-to-equity ratio to 53%. Its total assets and total liabilities are CA$1.3B and CA$664.0M respectively. Altus Group's EBIT is CA$63.8M making its interest coverage ratio 8.9. It has cash and short-term investments of CA$55.3M.
Key information
53.0%
Debt to equity ratio
CA$317.83m
Debt
Interest coverage ratio | 8.9x |
Cash | CA$55.27m |
Equity | CA$599.87m |
Total liabilities | CA$664.02m |
Total assets | CA$1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AIF N's short term assets (CA$319.9M) exceed its short term liabilities (CA$239.9M).
Long Term Liabilities: AIF N's short term assets (CA$319.9M) do not cover its long term liabilities (CA$424.2M).
Debt to Equity History and Analysis
Debt Level: AIF N's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: AIF N's debt to equity ratio has increased from 36.4% to 53% over the past 5 years.
Debt Coverage: AIF N's debt is well covered by operating cash flow (24.3%).
Interest Coverage: AIF N's interest payments on its debt are well covered by EBIT (8.9x coverage).