Cargojet Balance Sheet Health
Financial Health criteria checks 3/6
Cargojet has a total shareholder equity of CA$784.5M and total debt of CA$680.1M, which brings its debt-to-equity ratio to 86.7%. Its total assets and total liabilities are CA$2.0B and CA$1.3B respectively. Cargojet's EBIT is CA$67.6M making its interest coverage ratio 1.2. It has cash and short-term investments of CA$31.8M.
Key information
86.7%
Debt to equity ratio
CA$680.10m
Debt
Interest coverage ratio | 1.2x |
Cash | CA$31.80m |
Equity | CA$784.50m |
Total liabilities | CA$1.25b |
Total assets | CA$2.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGJT.F's short term assets (CA$278.1M) exceed its short term liabilities (CA$186.3M).
Long Term Liabilities: CGJT.F's short term assets (CA$278.1M) do not cover its long term liabilities (CA$1.1B).
Debt to Equity History and Analysis
Debt Level: CGJT.F's net debt to equity ratio (82.6%) is considered high.
Reducing Debt: CGJT.F's debt to equity ratio has reduced from 256.8% to 86.7% over the past 5 years.
Debt Coverage: CGJT.F's debt is well covered by operating cash flow (28.3%).
Interest Coverage: CGJT.F's interest payments on its debt are not well covered by EBIT (1.2x coverage).