Algoma Central Balance Sheet Health
Financial Health criteria checks 3/6
Algoma Central has a total shareholder equity of CA$832.0M and total debt of CA$421.5M, which brings its debt-to-equity ratio to 50.7%. Its total assets and total liabilities are CA$1.5B and CA$628.0M respectively. Algoma Central's EBIT is CA$62.5M making its interest coverage ratio 3.7. It has cash and short-term investments of CA$29.8M.
Key information
50.7%
Debt to equity ratio
CA$421.54m
Debt
| Interest coverage ratio | 3.7x |
| Cash | CA$29.78m |
| Equity | CA$832.01m |
| Total liabilities | CA$627.97m |
| Total assets | CA$1.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AGMJ.F's short term assets (CA$160.0M) do not cover its short term liabilities (CA$211.7M).
Long Term Liabilities: AGMJ.F's short term assets (CA$160.0M) do not cover its long term liabilities (CA$416.3M).
Debt to Equity History and Analysis
Debt Level: AGMJ.F's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: AGMJ.F's debt to equity ratio has reduced from 58.8% to 50.7% over the past 5 years.
Debt Coverage: AGMJ.F's debt is well covered by operating cash flow (29.6%).
Interest Coverage: AGMJ.F's interest payments on its debt are well covered by EBIT (3.7x coverage).