Clarke Balance Sheet Health
Financial Health criteria checks 1/6
Clarke has a total shareholder equity of CA$214.1M and total debt of CA$183.4M, which brings its debt-to-equity ratio to 85.7%. Its total assets and total liabilities are CA$444.5M and CA$230.4M respectively. Clarke's EBIT is CA$11.0M making its interest coverage ratio 1.5. It has cash and short-term investments of CA$1.4M.
Key information
85.7%
Debt to equity ratio
CA$183.38m
Debt
Interest coverage ratio | 1.5x |
Cash | CA$1.43m |
Equity | CA$214.09m |
Total liabilities | CA$230.44m |
Total assets | CA$444.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLKF.F's short term assets (CA$93.0M) do not cover its short term liabilities (CA$176.1M).
Long Term Liabilities: CLKF.F's short term assets (CA$93.0M) exceed its long term liabilities (CA$54.4M).
Debt to Equity History and Analysis
Debt Level: CLKF.F's net debt to equity ratio (85%) is considered high.
Reducing Debt: CLKF.F's debt to equity ratio has increased from 0.7% to 85.7% over the past 5 years.
Debt Coverage: CLKF.F's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: CLKF.F's interest payments on its debt are not well covered by EBIT (1.5x coverage).