Corby Spirit and Wine Balance Sheet Health
Financial Health criteria checks 4/6
Corby Spirit and Wine has a total shareholder equity of CA$184.6M and total debt of CA$121.5M, which brings its debt-to-equity ratio to 65.8%. Its total assets and total liabilities are CA$397.6M and CA$213.0M respectively. Corby Spirit and Wine's EBIT is CA$41.9M making its interest coverage ratio 7.1. It has cash and short-term investments of CA$12.4M.
Key information
65.8%
Debt to equity ratio
CA$121.47m
Debt
| Interest coverage ratio | 7.1x |
| Cash | CA$12.40m |
| Equity | CA$184.62m |
| Total liabilities | CA$213.03m |
| Total assets | CA$397.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CBYD.F's short term assets (CA$158.9M) exceed its short term liabilities (CA$55.1M).
Long Term Liabilities: CBYD.F's short term assets (CA$158.9M) exceed its long term liabilities (CA$158.0M).
Debt to Equity History and Analysis
Debt Level: CBYD.F's net debt to equity ratio (59.1%) is considered high.
Reducing Debt: CBYD.F's debt to equity ratio has increased from 0% to 65.8% over the past 5 years.
Debt Coverage: CBYD.F's debt is well covered by operating cash flow (32.9%).
Interest Coverage: CBYD.F's interest payments on its debt are well covered by EBIT (7.1x coverage).