Ceres Global Ag Balance Sheet Health
Financial Health criteria checks 2/6
Ceres Global Ag has a total shareholder equity of $150.6M and total debt of $85.2M, which brings its debt-to-equity ratio to 56.6%. Its total assets and total liabilities are $315.9M and $165.3M respectively. Ceres Global Ag's EBIT is $8.7M making its interest coverage ratio 1.4. It has cash and short-term investments of $4.7M.
Key information
56.6%
Debt to equity ratio
US$85.24m
Debt
Interest coverage ratio | 1.4x |
Cash | US$4.72m |
Equity | US$150.63m |
Total liabilities | US$165.29m |
Total assets | US$315.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CERG.F's short term assets ($177.8M) exceed its short term liabilities ($123.4M).
Long Term Liabilities: CERG.F's short term assets ($177.8M) exceed its long term liabilities ($41.9M).
Debt to Equity History and Analysis
Debt Level: CERG.F's net debt to equity ratio (53.5%) is considered high.
Reducing Debt: CERG.F's debt to equity ratio has increased from 46% to 56.6% over the past 5 years.
Debt Coverage: CERG.F's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: CERG.F's interest payments on its debt are not well covered by EBIT (1.4x coverage).