ACT Energy Technologies Balance Sheet Health
Financial Health criteria checks 4/6
ACT Energy Technologies has a total shareholder equity of CA$191.8M and total debt of CA$107.2M, which brings its debt-to-equity ratio to 55.9%. Its total assets and total liabilities are CA$435.0M and CA$243.2M respectively. ACT Energy Technologies's EBIT is CA$50.8M making its interest coverage ratio 5.3. It has cash and short-term investments of CA$7.0M.
Key information
55.9%
Debt to equity ratio
CA$107.21m
Debt
Interest coverage ratio | 5.3x |
Cash | CA$6.97m |
Equity | CA$191.81m |
Total liabilities | CA$243.24m |
Total assets | CA$435.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CETE.D's short term assets (CA$195.1M) exceed its short term liabilities (CA$133.9M).
Long Term Liabilities: CETE.D's short term assets (CA$195.1M) exceed its long term liabilities (CA$109.3M).
Debt to Equity History and Analysis
Debt Level: CETE.D's net debt to equity ratio (52.3%) is considered high.
Reducing Debt: CETE.D's debt to equity ratio has increased from 8.3% to 55.9% over the past 5 years.
Debt Coverage: CETE.D's debt is well covered by operating cash flow (54%).
Interest Coverage: CETE.D's interest payments on its debt are well covered by EBIT (5.3x coverage).