Corsa Coal Balance Sheet Health
Financial Health criteria checks 5/6
Corsa Coal has a total shareholder equity of $85.5M and total debt of $16.6M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are $191.3M and $105.8M respectively. Corsa Coal's EBIT is $33.1M making its interest coverage ratio 6.3. It has cash and short-term investments of $11.4M.
Key information
19.4%
Debt to equity ratio
US$16.56m
Debt
Interest coverage ratio | 6.3x |
Cash | US$11.37m |
Equity | US$85.53m |
Total liabilities | US$105.75m |
Total assets | US$191.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRSX.F's short term assets ($35.9M) exceed its short term liabilities ($26.0M).
Long Term Liabilities: CRSX.F's short term assets ($35.9M) do not cover its long term liabilities ($79.8M).
Debt to Equity History and Analysis
Debt Level: CRSX.F's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: CRSX.F's debt to equity ratio has reduced from 20.4% to 19.4% over the past 5 years.
Debt Coverage: CRSX.F's debt is well covered by operating cash flow (176.9%).
Interest Coverage: CRSX.F's interest payments on its debt are well covered by EBIT (6.3x coverage).