Reitmans (Canada) Balance Sheet Health
Financial Health criteria checks 6/6
Reitmans (Canada) has a total shareholder equity of CA$279.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$490.8M and CA$211.7M respectively. Reitmans (Canada)'s EBIT is CA$22.9M making its interest coverage ratio 9.7. It has cash and short-term investments of CA$116.7M.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | 9.7x |
Cash | CA$116.65m |
Equity | CA$279.02m |
Total liabilities | CA$211.73m |
Total assets | CA$490.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RTMA.F's short term assets (CA$259.9M) exceed its short term liabilities (CA$105.5M).
Long Term Liabilities: RTMA.F's short term assets (CA$259.9M) exceed its long term liabilities (CA$106.3M).
Debt to Equity History and Analysis
Debt Level: RTMA.F is debt free.
Reducing Debt: RTMA.F has no debt compared to 5 years ago when its debt to equity ratio was 0.7%.
Debt Coverage: RTMA.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RTMA.F has no debt, therefore coverage of interest payments is not a concern.