Carnegie Development Balance Sheet Health
Financial Health criteria checks 5/6
Carnegie Development has a total shareholder equity of $627.6K and total debt of $450.4K, which brings its debt-to-equity ratio to 71.8%. Its total assets and total liabilities are $1.4M and $732.9K respectively. Carnegie Development's EBIT is $57.2K making its interest coverage ratio 11.1. It has cash and short-term investments of $1.2M.
Key information
71.8%
Debt to equity ratio
US$450.43k
Debt
| Interest coverage ratio | 11.1x |
| Cash | US$1.20m |
| Equity | US$627.60k |
| Total liabilities | US$732.90k |
| Total assets | US$1.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CDJM's short term assets ($1.4M) exceed its short term liabilities ($573.1K).
Long Term Liabilities: CDJM's short term assets ($1.4M) exceed its long term liabilities ($159.8K).
Debt to Equity History and Analysis
Debt Level: CDJM has more cash than its total debt.
Reducing Debt: CDJM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CDJM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CDJM's interest payments on its debt are well covered by EBIT (11.1x coverage).