Hammond Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Hammond Manufacturing has a total shareholder equity of CA$103.9M and total debt of CA$43.9M, which brings its debt-to-equity ratio to 42.2%. Its total assets and total liabilities are CA$194.7M and CA$90.8M respectively. Hammond Manufacturing's EBIT is CA$28.5M making its interest coverage ratio 9.2. It has cash and short-term investments of CA$10.2M.
Key information
42.2%
Debt to equity ratio
CA$43.86m
Debt
Interest coverage ratio | 9.2x |
Cash | CA$10.21m |
Equity | CA$103.86m |
Total liabilities | CA$90.80m |
Total assets | CA$194.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HMFA.F's short term assets (CA$115.0M) exceed its short term liabilities (CA$67.4M).
Long Term Liabilities: HMFA.F's short term assets (CA$115.0M) exceed its long term liabilities (CA$23.4M).
Debt to Equity History and Analysis
Debt Level: HMFA.F's net debt to equity ratio (32.4%) is considered satisfactory.
Reducing Debt: HMFA.F's debt to equity ratio has reduced from 57.3% to 42.2% over the past 5 years.
Debt Coverage: HMFA.F's debt is well covered by operating cash flow (58.1%).
Interest Coverage: HMFA.F's interest payments on its debt are well covered by EBIT (9.2x coverage).