DIRTT Environmental Solutions Balance Sheet Health
Financial Health criteria checks 4/6
DIRTT Environmental Solutions has a total shareholder equity of $40.0M and total debt of $23.5M, which brings its debt-to-equity ratio to 58.7%. Its total assets and total liabilities are $118.2M and $78.2M respectively. DIRTT Environmental Solutions's EBIT is $6.3M making its interest coverage ratio 1.9. It has cash and short-term investments of $23.6M.
Key information
58.7%
Debt to equity ratio
US$23.50m
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$23.63m |
| Equity | US$40.01m |
| Total liabilities | US$78.22m |
| Total assets | US$118.22m |
Recent financial health updates
Recent updates
DIRTT temporary suspends operations at Rock Hill, SC facility
Aug 23DIRTT names new COO
Aug 15DIRTT Environmental Solutions: Underperformance, Activism, And Infighting
Apr 28DIRTT opens manufacturing facility in South Carolina
Jun 08DIRTT Environmental Solutions EPS misses by $0.10, misses on revenue
May 05DIRTT announces C$35M convertible debenture bought deal financing
Jan 07Financial Position Analysis
Short Term Liabilities: DRTT.F's short term assets ($63.1M) exceed its short term liabilities ($29.0M).
Long Term Liabilities: DRTT.F's short term assets ($63.1M) exceed its long term liabilities ($49.2M).
Debt to Equity History and Analysis
Debt Level: DRTT.F has more cash than its total debt.
Reducing Debt: DRTT.F's debt to equity ratio has increased from 0% to 58.7% over the past 5 years.
Debt Coverage: DRTT.F's debt is well covered by operating cash flow (47.9%).
Interest Coverage: DRTT.F's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 11:40 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
DIRTT Environmental Solutions Ltd. is covered by 10 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Spencer Churchill | Beacon Securities Limited |
| Gavin Fairweather | Cormark Securities Inc. |
| Gregory Palm | Craig-Hallum Capital Group LLC |