Elron Ventures Balance Sheet Health
Financial Health criteria checks 4/6
Elron Ventures has a total shareholder equity of $141.6M and total debt of $9.2M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are $159.8M and $18.3M respectively. Elron Ventures's EBIT is $10.2M making its interest coverage ratio 18. It has cash and short-term investments of $49.9M.
Key information
6.5%
Debt to equity ratio
US$9.22m
Debt
Interest coverage ratio | 18x |
Cash | US$49.87m |
Equity | US$141.57m |
Total liabilities | US$18.26m |
Total assets | US$159.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELRN.F's short term assets ($116.2M) exceed its short term liabilities ($7.3M).
Long Term Liabilities: ELRN.F's short term assets ($116.2M) exceed its long term liabilities ($11.0M).
Debt to Equity History and Analysis
Debt Level: ELRN.F has more cash than its total debt.
Reducing Debt: ELRN.F's debt to equity ratio has increased from 0% to 6.5% over the past 5 years.
Debt Coverage: ELRN.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ELRN.F's interest payments on its debt are well covered by EBIT (18x coverage).