C3is Balance Sheet Health
Financial Health criteria checks 5/6
C3is has a total shareholder equity of $55.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $95.5M and $39.9M respectively. C3is's EBIT is $10.4M making its interest coverage ratio 7.8. It has cash and short-term investments of $9.1M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 7.8x |
Cash | US$9.06m |
Equity | US$55.54m |
Total liabilities | US$39.93m |
Total assets | US$95.47m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CISS's short term assets ($20.3M) do not cover its short term liabilities ($39.9M).
Long Term Liabilities: CISS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CISS is debt free.
Reducing Debt: CISS has not had any debt for past 5 years.
Debt Coverage: CISS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CISS has no debt, therefore coverage of interest payments is not a concern.