BioRem Balance Sheet Health
Financial Health criteria checks 4/6
BioRem has a total shareholder equity of CA$6.7M and total debt of CA$3.0M, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are CA$24.1M and CA$17.4M respectively. BioRem's EBIT is CA$3.1M making its interest coverage ratio 11.3. It has cash and short-term investments of CA$2.3M.
Key information
44.3%
Debt to equity ratio
CA$2.98m
Debt
Interest coverage ratio | 11.3x |
Cash | CA$2.29m |
Equity | CA$6.72m |
Total liabilities | CA$17.36m |
Total assets | CA$24.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BIRM.F's short term assets (CA$20.6M) exceed its short term liabilities (CA$13.9M).
Long Term Liabilities: BIRM.F's short term assets (CA$20.6M) exceed its long term liabilities (CA$3.5M).
Debt to Equity History and Analysis
Debt Level: BIRM.F's net debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: BIRM.F's debt to equity ratio has increased from 0% to 44.3% over the past 5 years.
Debt Coverage: BIRM.F's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: BIRM.F's interest payments on its debt are well covered by EBIT (11.3x coverage).