Algoma Central Balance Sheet Health
Financial Health criteria checks 3/6
Algoma Central has a total shareholder equity of CA$778.3M and total debt of CA$377.0M, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are CA$1.3B and CA$565.8M respectively. Algoma Central's EBIT is CA$74.3M making its interest coverage ratio 4.6. It has cash and short-term investments of CA$32.8M.
Key information
48.4%
Debt to equity ratio
CA$377.02m
Debt
Interest coverage ratio | 4.6x |
Cash | CA$32.83m |
Equity | CA$778.31m |
Total liabilities | CA$565.85m |
Total assets | CA$1.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AGMJ.F's short term assets (CA$161.4M) exceed its short term liabilities (CA$147.2M).
Long Term Liabilities: AGMJ.F's short term assets (CA$161.4M) do not cover its long term liabilities (CA$418.7M).
Debt to Equity History and Analysis
Debt Level: AGMJ.F's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: AGMJ.F's debt to equity ratio has increased from 36.8% to 48.4% over the past 5 years.
Debt Coverage: AGMJ.F's debt is well covered by operating cash flow (32.9%).
Interest Coverage: AGMJ.F's interest payments on its debt are well covered by EBIT (4.6x coverage).