StorageVault Canada Balance Sheet Health
Financial Health criteria checks 2/6
StorageVault Canada has a total shareholder equity of CA$163.0M and total debt of CA$1.9B, which brings its debt-to-equity ratio to 1163.8%. Its total assets and total liabilities are CA$2.2B and CA$2.1B respectively. StorageVault Canada's EBIT is CA$68.3M making its interest coverage ratio 0.7. It has cash and short-term investments of CA$12.3M.
Key information
1,163.8%
Debt to equity ratio
CA$1.90b
Debt
| Interest coverage ratio | 0.7x |
| Cash | CA$12.28m |
| Equity | CA$163.00m |
| Total liabilities | CA$2.07b |
| Total assets | CA$2.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SVAU.F's short term assets (CA$37.4M) do not cover its short term liabilities (CA$621.3M).
Long Term Liabilities: SVAU.F's short term assets (CA$37.4M) do not cover its long term liabilities (CA$1.4B).
Debt to Equity History and Analysis
Debt Level: SVAU.F's net debt to equity ratio (1156.3%) is considered high.
Reducing Debt: SVAU.F's debt to equity ratio has increased from 418.7% to 1163.8% 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 22.3% per year.