Chemtrade Logistics Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
Chemtrade Logistics Income Fund has a total shareholder equity of CA$707.1M and total debt of CA$684.1M, which brings its debt-to-equity ratio to 96.7%. Its total assets and total liabilities are CA$2.1B and CA$1.4B respectively. Chemtrade Logistics Income Fund's EBIT is CA$281.4M making its interest coverage ratio 5.6. It has cash and short-term investments of CA$32.4M.
Key information
96.7%
Debt to equity ratio
CA$684.06m
Debt
Interest coverage ratio | 5.6x |
Cash | CA$32.41m |
Equity | CA$707.14m |
Total liabilities | CA$1.40b |
Total assets | CA$2.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGIF.F's short term assets (CA$326.0M) do not cover its short term liabilities (CA$409.8M).
Long Term Liabilities: CGIF.F's short term assets (CA$326.0M) do not cover its long term liabilities (CA$992.3M).
Debt to Equity History and Analysis
Debt Level: CGIF.F's net debt to equity ratio (92.2%) is considered high.
Reducing Debt: CGIF.F's debt to equity ratio has reduced from 124.7% to 96.7% over the past 5 years.
Debt Coverage: CGIF.F's debt is well covered by operating cash flow (58.7%).
Interest Coverage: CGIF.F's interest payments on its debt are well covered by EBIT (5.6x coverage).