Finning International Balance Sheet Health
Financial Health criteria checks 3/6
Finning International has a total shareholder equity of CA$2.6B and total debt of CA$2.8B, which brings its debt-to-equity ratio to 107.6%. Its total assets and total liabilities are CA$8.1B and CA$5.5B respectively. Finning International's EBIT is CA$921.0M making its interest coverage ratio 5.8. It has cash and short-term investments of CA$215.0M.
Key information
107.6%
Debt to equity ratio
CA$2.77b
Debt
Interest coverage ratio | 5.8x |
Cash | CA$215.00m |
Equity | CA$2.57b |
Total liabilities | CA$5.49b |
Total assets | CA$8.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FING.F's short term assets (CA$5.4B) exceed its short term liabilities (CA$3.6B).
Long Term Liabilities: FING.F's short term assets (CA$5.4B) exceed its long term liabilities (CA$1.9B).
Debt to Equity History and Analysis
Debt Level: FING.F's net debt to equity ratio (99.2%) is considered high.
Reducing Debt: FING.F's debt to equity ratio has increased from 97.8% to 107.6% over the past 5 years.
Debt Coverage: FING.F's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: FING.F's interest payments on its debt are well covered by EBIT (5.8x coverage).