Ackroo Balance Sheet Health
Financial Health criteria checks 3/6
Ackroo has a total shareholder equity of CA$2.7M and total debt of CA$3.0M, which brings its debt-to-equity ratio to 108.5%. Its total assets and total liabilities are CA$7.4M and CA$4.7M respectively. Ackroo's EBIT is CA$1.2M making its interest coverage ratio 3.1. It has cash and short-term investments of CA$389.2K.
Key information
108.5%
Debt to equity ratio
CA$2.95m
Debt
| Interest coverage ratio | 3.1x |
| Cash | CA$389.15k |
| Equity | CA$2.72m |
| Total liabilities | CA$4.70m |
| Total assets | CA$7.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AKRF.F's short term assets (CA$720.6K) do not cover its short term liabilities (CA$3.7M).
Long Term Liabilities: AKRF.F's short term assets (CA$720.6K) do not cover its long term liabilities (CA$1.0M).
Debt to Equity History and Analysis
Debt Level: AKRF.F's net debt to equity ratio (94.2%) is considered high.
Reducing Debt: AKRF.F's debt to equity ratio has reduced from 155.6% to 108.5% over the past 5 years.
Debt Coverage: AKRF.F's debt is well covered by operating cash flow (62%).
Interest Coverage: AKRF.F's interest payments on its debt are well covered by EBIT (3.1x coverage).