Caravelle International Group Balance Sheet Health
Financial Health criteria checks 4/6
Caravelle International Group has a total shareholder equity of $9.4M and total debt of $2.8M, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are $33.1M and $23.7M respectively. Caravelle International Group's EBIT is $4.8M making its interest coverage ratio 47.4. It has cash and short-term investments of $9.6M.
Key information
29.7%
Debt to equity ratio
US$2.78m
Debt
| Interest coverage ratio | 47.4x |
| Cash | US$9.62m |
| Equity | US$9.37m |
| Total liabilities | US$23.72m |
| Total assets | US$33.10m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CACO's short term assets ($31.0M) exceed its short term liabilities ($21.2M).
Long Term Liabilities: CACO's short term assets ($31.0M) exceed its long term liabilities ($2.5M).
Debt to Equity History and Analysis
Debt Level: CACO has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CACO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: Insufficient data to determine if CACO's debt is well covered by operating cash flow.
Interest Coverage: CACO's interest payments on its debt are well covered by EBIT (47.4x coverage).