ACT Energy Technologies Balance Sheet Health
Financial Health criteria checks 5/6
ACT Energy Technologies has a total shareholder equity of CA$225.8M and total debt of CA$92.5M, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are CA$442.6M and CA$216.8M respectively. ACT Energy Technologies's EBIT is CA$55.8M making its interest coverage ratio 5.5. It has cash and short-term investments of CA$17.5M.
Key information
40.9%
Debt to equity ratio
CA$92.45m
Debt
| Interest coverage ratio | 5.5x |
| Cash | CA$17.49m |
| Equity | CA$225.83m |
| Total liabilities | CA$216.77m |
| Total assets | CA$442.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CETE.F's short term assets (CA$179.8M) exceed its short term liabilities (CA$122.1M).
Long Term Liabilities: CETE.F's short term assets (CA$179.8M) exceed its long term liabilities (CA$94.6M).
Debt to Equity History and Analysis
Debt Level: CETE.F's net debt to equity ratio (33.2%) is considered satisfactory.
Reducing Debt: CETE.F's debt to equity ratio has increased from 9.3% to 40.9% over the past 5 years.
Debt Coverage: CETE.F's debt is well covered by operating cash flow (92.8%).
Interest Coverage: CETE.F's interest payments on its debt are well covered by EBIT (5.5x coverage).