Cleantek Industries Balance Sheet Health
Financial Health criteria checks 3/6
Cleantek Industries has a total shareholder equity of CA$273.0K and total debt of CA$9.5M, which brings its debt-to-equity ratio to 3487.9%. Its total assets and total liabilities are CA$12.9M and CA$12.6M respectively. Cleantek Industries's EBIT is CA$435.0K making its interest coverage ratio 0.3. It has cash and short-term investments of CA$168.0K.
Key information
3,487.9%
Debt to equity ratio
CA$9.52m
Debt
| Interest coverage ratio | 0.3x |
| Cash | CA$168.00k |
| Equity | CA$273.00k |
| Total liabilities | CA$12.63m |
| Total assets | CA$12.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLKF.F's short term assets (CA$2.6M) do not cover its short term liabilities (CA$5.5M).
Long Term Liabilities: GLKF.F's short term assets (CA$2.6M) do not cover its long term liabilities (CA$7.2M).
Debt to Equity History and Analysis
Debt Level: GLKF.F's net debt to equity ratio (3426.4%) is considered high.
Reducing Debt: GLKF.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GLKF.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GLKF.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.4% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 17:58 |
| End of Day Share Price | 2024/10/29 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Cleantek Industries Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Siddharth Rajeev | Fundamental Research Corp. |