Softchoice Balance Sheet Health
Financial Health criteria checks 2/6
Softchoice has a total shareholder equity of $-126.2M and total debt of $62.5M, which brings its debt-to-equity ratio to -49.5%. Its total assets and total liabilities are $502.8M and $629.0M respectively. Softchoice's EBIT is $71.6M making its interest coverage ratio 6.8. It has cash and short-term investments of $11.1M.
Key information
-49.5%
Debt to equity ratio
US$62.49m
Debt
Interest coverage ratio | 6.8x |
Cash | US$11.13m |
Equity | -US$126.18m |
Total liabilities | US$629.03m |
Total assets | US$502.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SFTC.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SFTC.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SFTC.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SFTC.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SFTC.F's debt is well covered by operating cash flow (149.4%).
Interest Coverage: SFTC.F's interest payments on its debt are well covered by EBIT (6.8x coverage).