Simply Solventless Concentrates Balance Sheet Health
Financial Health criteria checks 4/6
Simply Solventless Concentrates has a total shareholder equity of CA$4.9M and total debt of CA$811.0K, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are CA$12.6M and CA$7.7M respectively. Simply Solventless Concentrates's EBIT is CA$1.7M making its interest coverage ratio 6.5. It has cash and short-term investments of CA$135.5K.
Key information
16.5%
Debt to equity ratio
CA$811.03k
Debt
Interest coverage ratio | 6.5x |
Cash | CA$135.45k |
Equity | CA$4.92m |
Total liabilities | CA$7.71m |
Total assets | CA$12.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSLC.F's short term assets (CA$10.9M) exceed its short term liabilities (CA$6.6M).
Long Term Liabilities: SSLC.F's short term assets (CA$10.9M) exceed its long term liabilities (CA$1.1M).
Debt to Equity History and Analysis
Debt Level: SSLC.F's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SSLC.F's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SSLC.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SSLC.F's interest payments on its debt are well covered by EBIT (6.5x coverage).