Solution Financial Balance Sheet Health
Financial Health criteria checks 2/6
Solution Financial has a total shareholder equity of CA$12.7M and total debt of CA$14.6M, which brings its debt-to-equity ratio to 115.6%. Its total assets and total liabilities are CA$31.0M and CA$18.4M respectively. Solution Financial's EBIT is CA$1.1M making its interest coverage ratio 1.1. It has cash and short-term investments of CA$562.1K.
Key information
115.6%
Debt to equity ratio
CA$14.62m
Debt
| Interest coverage ratio | 1.1x |
| Cash | CA$562.12k |
| Equity | CA$12.65m |
| Total liabilities | CA$18.38m |
| Total assets | CA$31.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SLNF.F's short term assets (CA$12.8M) exceed its short term liabilities (CA$9.9M).
Long Term Liabilities: SLNF.F's short term assets (CA$12.8M) exceed its long term liabilities (CA$8.5M).
Debt to Equity History and Analysis
Debt Level: SLNF.F's net debt to equity ratio (111.1%) is considered high.
Reducing Debt: SLNF.F's debt to equity ratio has increased from 73.1% to 115.6% over the past 5 years.
Debt Coverage: SLNF.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SLNF.F's interest payments on its debt are not well covered by EBIT (1.1x coverage).