SolarBank Balance Sheet Health
Financial Health criteria checks 5/6
SolarBank has a total shareholder equity of CA$18.7M and total debt of CA$6.1M, which brings its debt-to-equity ratio to 32.8%. Its total assets and total liabilities are CA$39.2M and CA$20.5M respectively. SolarBank's EBIT is CA$406.5K making its interest coverage ratio -11.3. It has cash and short-term investments of CA$6.2M.
Key information
32.8%
Debt to equity ratio
CA$6.14m
Debt
| Interest coverage ratio | -11.3x |
| Cash | CA$6.19m |
| Equity | CA$18.72m |
| Total liabilities | CA$20.50m |
| Total assets | CA$39.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUUN's short term assets (CA$17.6M) exceed its short term liabilities (CA$13.4M).
Long Term Liabilities: SUUN's short term assets (CA$17.6M) exceed its long term liabilities (CA$7.1M).
Debt to Equity History and Analysis
Debt Level: SUUN has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SUUN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SUUN's debt is well covered by operating cash flow (138.3%).
Interest Coverage: SUUN earns more interest than it pays, so coverage of interest payments is not a concern.