Altus Group Balance Sheet Health
Financial Health criteria checks 2/6
Altus Group has a total shareholder equity of CA$602.5M and total debt of CA$307.5M, which brings its debt-to-equity ratio to 51%. Its total assets and total liabilities are CA$1.2B and CA$612.2M respectively. Altus Group's EBIT is CA$62.5M making its interest coverage ratio 2.5. It has cash and short-term investments of CA$41.9M.
Key information
51.0%
Debt to equity ratio
CA$307.45m
Debt
Interest coverage ratio | 2.5x |
Cash | CA$41.89m |
Equity | CA$602.54m |
Total liabilities | CA$612.16m |
Total assets | CA$1.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASGT.F's short term assets (CA$302.6M) exceed its short term liabilities (CA$218.3M).
Long Term Liabilities: ASGT.F's short term assets (CA$302.6M) do not cover its long term liabilities (CA$393.9M).
Debt to Equity History and Analysis
Debt Level: ASGT.F's net debt to equity ratio (44.1%) is considered high.
Reducing Debt: ASGT.F's debt to equity ratio has increased from 36% to 51% over the past 5 years.
Debt Coverage: ASGT.F's debt is well covered by operating cash flow (23.2%).
Interest Coverage: ASGT.F's interest payments on its debt are not well covered by EBIT (2.5x coverage).