Chemtrade Logistics Income Fund Balance Sheet Health
Financial Health criteria checks 2/6
Chemtrade Logistics Income Fund has a total shareholder equity of CA$804.2M and total debt of CA$655.5M, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are CA$2.2B and CA$1.4B respectively. Chemtrade Logistics Income Fund's EBIT is CA$234.5M making its interest coverage ratio 1.9. It has cash and short-term investments of CA$16.3M.
Key information
81.5%
Debt to equity ratio
CA$655.48m
Debt
| Interest coverage ratio | 1.9x |
| Cash | CA$16.34m |
| Equity | CA$804.21m |
| Total liabilities | CA$1.36b |
| Total assets | CA$2.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGIF.F's short term assets (CA$304.4M) do not cover its short term liabilities (CA$753.4M).
Long Term Liabilities: CGIF.F's short term assets (CA$304.4M) do not cover its long term liabilities (CA$604.3M).
Debt to Equity History and Analysis
Debt Level: CGIF.F's net debt to equity ratio (79.5%) is considered high.
Reducing Debt: CGIF.F's debt to equity ratio has reduced from 170.3% to 81.5% over the past 5 years.
Debt Coverage: CGIF.F's debt is well covered by operating cash flow (52.8%).
Interest Coverage: CGIF.F's interest payments on its debt are not well covered by EBIT (1.9x coverage).