Elron Ventures Balance Sheet Health
Financial Health criteria checks 4/6
Elron Ventures has a total shareholder equity of $113.3M and total debt of $9.4M, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are $130.6M and $17.3M respectively. Elron Ventures's EBIT is $5.1M making its interest coverage ratio 12.6. It has cash and short-term investments of $64.9M.
Key information
8.3%
Debt to equity ratio
US$9.42m
Debt
| Interest coverage ratio | 12.6x |
| Cash | US$64.91m |
| Equity | US$113.27m |
| Total liabilities | US$17.31m |
| Total assets | US$130.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELRN.F's short term assets ($69.1M) exceed its short term liabilities ($6.3M).
Long Term Liabilities: ELRN.F's short term assets ($69.1M) 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 8.3% 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 (12.6x coverage).