Cardinal Ethanol Balance Sheet Health
Financial Health criteria checks 5/6
Cardinal Ethanol has a total shareholder equity of $170.8M and total debt of $30.6M, which brings its debt-to-equity ratio to 17.9%. Its total assets and total liabilities are $261.8M and $91.0M respectively. Cardinal Ethanol's EBIT is $53.9M making its interest coverage ratio -16.2. It has cash and short-term investments of $89.9M.
Key information
17.9%
Debt to equity ratio
US$30.57m
Debt
Interest coverage ratio | -16.2x |
Cash | US$89.91m |
Equity | US$170.78m |
Total liabilities | US$90.97m |
Total assets | US$261.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRDE's short term assets ($148.7M) exceed its short term liabilities ($54.0M).
Long Term Liabilities: CRDE's short term assets ($148.7M) exceed its long term liabilities ($37.0M).
Debt to Equity History and Analysis
Debt Level: CRDE has more cash than its total debt.
Reducing Debt: CRDE's debt to equity ratio has increased from 7% to 17.9% over the past 5 years.
Debt Coverage: CRDE's debt is well covered by operating cash flow (213.3%).
Interest Coverage: CRDE earns more interest than it pays, so coverage of interest payments is not a concern.