CPI Aerostructures Balance Sheet Health
Financial Health criteria checks 3/6
CPI Aerostructures has a total shareholder equity of $22.1M and total debt of $20.0M, which brings its debt-to-equity ratio to 90.8%. Its total assets and total liabilities are $74.4M and $52.3M respectively. CPI Aerostructures's EBIT is $6.3M making its interest coverage ratio 2.6. It has cash and short-term investments of $5.1M.
Key information
90.8%
Debt to equity ratio
US$20.04m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$5.09m |
| Equity | US$22.08m |
| Total liabilities | US$52.28m |
| Total assets | US$74.36m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CVU's short term assets ($46.9M) exceed its short term liabilities ($31.5M).
Long Term Liabilities: CVU's short term assets ($46.9M) exceed its long term liabilities ($20.8M).
Debt to Equity History and Analysis
Debt Level: CVU's net debt to equity ratio (67.7%) is considered high.
Reducing Debt: CVU had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CVU's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: CVU's interest payments on its debt are not well covered by EBIT (2.6x coverage).