Roots Balance Sheet Health
Financial Health criteria checks 4/6
Roots has a total shareholder equity of CA$179.7M and total debt of CA$52.2M, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are CA$370.6M and CA$190.9M respectively. Roots's EBIT is CA$15.1M making its interest coverage ratio 1.7. It has cash and short-term investments of CA$5.3M.
Key information
29.1%
Debt to equity ratio
CA$52.25m
Debt
| Interest coverage ratio | 1.7x |
| Cash | CA$5.33m |
| Equity | CA$179.75m |
| Total liabilities | CA$190.89m |
| Total assets | CA$370.63m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RROT.F's short term assets (CA$87.1M) exceed its short term liabilities (CA$66.8M).
Long Term Liabilities: RROT.F's short term assets (CA$87.1M) do not cover its long term liabilities (CA$124.1M).
Debt to Equity History and Analysis
Debt Level: RROT.F's net debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: RROT.F's debt to equity ratio has reduced from 68.1% to 29.1% over the past 5 years.
Debt Coverage: RROT.F's debt is well covered by operating cash flow (62.9%).
Interest Coverage: RROT.F's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 19:05 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/11/02 |
| Annual Earnings | 2024/02/03 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Roots Corporation is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Morris | BMO Capital Markets Equity Research |
| Matthew Lee | Canaccord Genuity |
| Matt Bank | CIBC Capital Markets |