Clarke Balance Sheet Health
Financial Health criteria checks 1/6
Clarke has a total shareholder equity of CA$255.6M and total debt of CA$165.9M, which brings its debt-to-equity ratio to 64.9%. Its total assets and total liabilities are CA$469.4M and CA$213.8M respectively. Clarke's EBIT is CA$22.2M making its interest coverage ratio 3.6. It has cash and short-term investments of CA$1.3M.
Key information
64.9%
Debt to equity ratio
CA$165.90m
Debt
| Interest coverage ratio | 3.6x |
| Cash | CA$1.31m |
| Equity | CA$255.63m |
| Total liabilities | CA$213.82m |
| Total assets | CA$469.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLKF.F's short term assets (CA$10.3M) do not cover its short term liabilities (CA$50.8M).
Long Term Liabilities: CLKF.F's short term assets (CA$10.3M) do not cover its long term liabilities (CA$163.0M).
Debt to Equity History and Analysis
Debt Level: CLKF.F's net debt to equity ratio (64.4%) is considered high.
Reducing Debt: CLKF.F's debt to equity ratio has increased from 55% to 64.9% over the past 5 years.
Debt Coverage: CLKF.F's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: CLKF.F's interest payments on its debt are well covered by EBIT (3.6x coverage).