Softchoice Balance Sheet Health
Financial Health criteria checks 2/6
Softchoice has a total shareholder equity of $-111.5M and total debt of $204.3M, which brings its debt-to-equity ratio to -183.2%. Its total assets and total liabilities are $525.0M and $636.5M respectively. Softchoice's EBIT is $74.4M making its interest coverage ratio 4.9. It has cash and short-term investments of $5.6M.
Key information
-183.2%
Debt to equity ratio
US$204.32m
Debt
| Interest coverage ratio | 4.9x |
| Cash | US$5.61m |
| Equity | -US$111.54m |
| Total liabilities | US$636.55m |
| Total assets | US$525.01m |
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 (48.2%).
Interest Coverage: SFTC.F's interest payments on its debt are well covered by EBIT (4.9x coverage).