Cengage Learning Holdings II Balance Sheet Health
Financial Health criteria checks 0/6
Cengage Learning Holdings II has a total shareholder equity of $38.6M and total debt of $1.6B, which brings its debt-to-equity ratio to 4163.7%. Its total assets and total liabilities are $2.6B and $2.6B respectively. Cengage Learning Holdings II's EBIT is $164.8M making its interest coverage ratio 1. It has cash and short-term investments of $246.9M.
Key information
4,163.7%
Debt to equity ratio
US$1.61b
Debt
| Interest coverage ratio | 1x |
| Cash | US$246.90m |
| Equity | US$38.60m |
| Total liabilities | US$2.60b |
| Total assets | US$2.64b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: CNGO's short term assets ($721.5M) do not cover its short term liabilities ($821.8M).
Long Term Liabilities: CNGO's short term assets ($721.5M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: CNGO's net debt to equity ratio (3524.1%) is considered high.
Reducing Debt: CNGO's debt to equity ratio has increased from 303% to 4163.7% over the past 5 years.
Debt Coverage: CNGO's debt is not well covered by operating cash flow (15%).
Interest Coverage: CNGO's interest payments on its debt are not well covered by EBIT (1x coverage).