CCL Industries Balance Sheet Health
Financial Health criteria checks 5/6
CCL Industries has a total shareholder equity of CA$5.0B and total debt of CA$2.2B, which brings its debt-to-equity ratio to 43.9%. Its total assets and total liabilities are CA$9.6B and CA$4.5B respectively. CCL Industries's EBIT is CA$1.0B making its interest coverage ratio 13.2. It has cash and short-term investments of CA$665.9M.
Key information
43.9%
Debt to equity ratio
CA$2.21b
Debt
| Interest coverage ratio | 13.2x |
| Cash | CA$665.90m |
| Equity | CA$5.05b |
| Total liabilities | CA$4.53b |
| Total assets | CA$9.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCLL.F's short term assets (CA$2.9B) exceed its short term liabilities (CA$1.5B).
Long Term Liabilities: CCLL.F's short term assets (CA$2.9B) do not cover its long term liabilities (CA$3.0B).
Debt to Equity History and Analysis
Debt Level: CCLL.F's net debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: CCLL.F's debt to equity ratio has reduced from 88.7% to 43.9% over the past 5 years.
Debt Coverage: CCLL.F's debt is well covered by operating cash flow (48.1%).
Interest Coverage: CCLL.F's interest payments on its debt are well covered by EBIT (13.2x coverage).