CPI Aerostructures Balance Sheet Health
Financial Health criteria checks 2/6
CPI Aerostructures has a total shareholder equity of $24.9M and total debt of $18.2M, which brings its debt-to-equity ratio to 72.8%. Its total assets and total liabilities are $68.9M and $43.9M respectively. CPI Aerostructures's EBIT is $6.2M making its interest coverage ratio 2.5. It has cash and short-term investments of $1.7M.
Key information
72.8%
Debt to equity ratio
US$18.15m
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$1.71m |
| Equity | US$24.94m |
| Total liabilities | US$43.95m |
| Total assets | US$68.89m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CVU's short term assets ($43.4M) exceed its short term liabilities ($27.1M).
Long Term Liabilities: CVU's short term assets ($43.4M) exceed its long term liabilities ($16.9M).
Debt to Equity History and Analysis
Debt Level: CVU's net debt to equity ratio (65.9%) is considered high.
Reducing Debt: CVU's debt to equity ratio has increased from 31.6% to 72.8% over the past 5 years.
Debt Coverage: CVU's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: CVU's interest payments on its debt are not well covered by EBIT (2.5x coverage).