StorageVault Canada Balance Sheet Health
Financial Health criteria checks 3/6
StorageVault Canada has a total shareholder equity of CA$185.9M and total debt of CA$1.7B, which brings its debt-to-equity ratio to 909.6%. Its total assets and total liabilities are CA$2.0B and CA$1.9B respectively. StorageVault Canada's EBIT is CA$69.1M making its interest coverage ratio 0.8. It has cash and short-term investments of CA$14.3M.
Key information
909.6%
Debt to equity ratio
CA$1.69b
Debt
Interest coverage ratio | 0.8x |
Cash | CA$14.34m |
Equity | CA$185.91m |
Total liabilities | CA$1.86b |
Total assets | CA$2.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SVAU.F's short term assets (CA$45.5M) exceed its short term liabilities (CA$23.0M).
Long Term Liabilities: SVAU.F's short term assets (CA$45.5M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: SVAU.F's net debt to equity ratio (901.9%) is considered high.
Reducing Debt: SVAU.F's debt to equity ratio has increased from 284.9% to 909.6% 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 SVAU.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SVAU.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24.4% per year.