Converge Technology Solutions Balance Sheet Health
Financial Health criteria checks 5/6
Converge Technology Solutions has a total shareholder equity of CA$612.2M and total debt of CA$381.3M, which brings its debt-to-equity ratio to 62.3%. Its total assets and total liabilities are CA$2.2B and CA$1.5B respectively. Converge Technology Solutions's EBIT is CA$46.6M making its interest coverage ratio 1.1. It has cash and short-term investments of CA$169.9M.
Key information
62.3%
Debt to equity ratio
CA$381.34m
Debt
| Interest coverage ratio | 1.1x |
| Cash | CA$169.87m |
| Equity | CA$612.16m |
| Total liabilities | CA$1.54b |
| Total assets | CA$2.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTSD.F's short term assets (CA$1.1B) exceed its short term liabilities (CA$1.0B).
Long Term Liabilities: CTSD.F's short term assets (CA$1.1B) exceed its long term liabilities (CA$502.8M).
Debt to Equity History and Analysis
Debt Level: CTSD.F's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: CTSD.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CTSD.F's debt is well covered by operating cash flow (60.2%).
Interest Coverage: CTSD.F's interest payments on its debt are not well covered by EBIT (1.1x coverage).