Cengage Learning Holdings II Balance Sheet Health
Financial Health criteria checks 2/6
Cengage Learning Holdings II has a total shareholder equity of $142.4M and total debt of $1.6B, which brings its debt-to-equity ratio to 1121.7%. Its total assets and total liabilities are $2.6B and $2.4B respectively. Cengage Learning Holdings II's EBIT is $145.1M making its interest coverage ratio 0.8. It has cash and short-term investments of $266.3M.
Key information
1,121.7%
Debt to equity ratio
US$1.60b
Debt
Interest coverage ratio | 0.8x |
Cash | US$266.30m |
Equity | US$142.40m |
Total liabilities | US$2.41b |
Total assets | US$2.55b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: CNGO's short term assets ($549.7M) do not cover its short term liabilities ($658.3M).
Long Term Liabilities: CNGO's short term assets ($549.7M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: CNGO's net debt to equity ratio (934.7%) is considered high.
Reducing Debt: CNGO's debt to equity ratio has increased from 275.4% to 1121.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CNGO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CNGO is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.4% per year.