ACT Energy Technologies Balance Sheet Health
Financial Health criteria checks 4/6
ACT Energy Technologies has a total shareholder equity of CA$200.7M and total debt of CA$97.8M, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are CA$420.4M and CA$219.7M respectively. ACT Energy Technologies's EBIT is CA$52.1M making its interest coverage ratio 5. It has cash and short-term investments of CA$17.0M.
Key information
48.8%
Debt to equity ratio
CA$97.85m
Debt
| Interest coverage ratio | 5x |
| Cash | CA$16.99m |
| Equity | CA$200.70m |
| Total liabilities | CA$219.68m |
| Total assets | CA$420.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CETE.F's short term assets (CA$173.3M) exceed its short term liabilities (CA$119.6M).
Long Term Liabilities: CETE.F's short term assets (CA$173.3M) exceed its long term liabilities (CA$100.0M).
Debt to Equity History and Analysis
Debt Level: CETE.F's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: CETE.F's debt to equity ratio has increased from 11.1% to 48.8% over the past 5 years.
Debt Coverage: CETE.F's debt is well covered by operating cash flow (77.2%).
Interest Coverage: CETE.F's interest payments on its debt are well covered by EBIT (5x coverage).