Sherritt International Balance Sheet Health
Financial Health criteria checks 5/6
Sherritt International has a total shareholder equity of CA$589.3M and total debt of CA$371.3M, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are CA$1.4B and CA$792.6M respectively.
Key information
63.0%
Debt to equity ratio
CA$371.30m
Debt
Interest coverage ratio | n/a |
Cash | CA$144.40m |
Equity | CA$589.30m |
Total liabilities | CA$792.60m |
Total assets | CA$1.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHER.F's short term assets (CA$396.7M) exceed its short term liabilities (CA$303.2M).
Long Term Liabilities: SHER.F's short term assets (CA$396.7M) do not cover its long term liabilities (CA$489.4M).
Debt to Equity History and Analysis
Debt Level: SHER.F's net debt to equity ratio (38.5%) is considered satisfactory.
Reducing Debt: SHER.F's debt to equity ratio has reduced from 67% to 63% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SHER.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SHER.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 55.8% per year.