Hammond Power Solutions Balance Sheet Health
Financial Health criteria checks 6/6
Hammond Power Solutions has a total shareholder equity of CA$238.3M and total debt of CA$23.0M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are CA$422.8M and CA$184.4M respectively. Hammond Power Solutions's EBIT is CA$74.4M making its interest coverage ratio 55.6. It has cash and short-term investments of CA$53.9M.
Key information
9.6%
Debt to equity ratio
CA$22.98m
Debt
| Interest coverage ratio | 55.6x |
| Cash | CA$53.87m |
| Equity | CA$238.34m |
| Total liabilities | CA$184.44m |
| Total assets | CA$422.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HMDP.F's short term assets (CA$316.7M) exceed its short term liabilities (CA$172.5M).
Long Term Liabilities: HMDP.F's short term assets (CA$316.7M) exceed its long term liabilities (CA$11.9M).
Debt to Equity History and Analysis
Debt Level: HMDP.F has more cash than its total debt.
Reducing Debt: HMDP.F's debt to equity ratio has reduced from 31% to 9.6% over the past 5 years.
Debt Coverage: HMDP.F's debt is well covered by operating cash flow (264.8%).
Interest Coverage: HMDP.F's interest payments on its debt are well covered by EBIT (55.6x coverage).