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Covalon Technologies (COV) Ratios
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Covalon Technologies Ratios
TSE:COV's free cash flow for Q3 2026 was C$2.55M. For the 2026 fiscal year, TSE:COV's free cash flow was decreased by C$-294.43K and operating cash flow was C$2.85M. See a summary of the company’s cash flow.
| Ratios | Sep 25 | Dec 24 | Dec 23 | Dec 22 | Sep 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 8.36 | 7.27 | 4.10 | 6.00 | 7.49 |
| Quick Ratio | 6.40 | 5.34 | 2.96 | 4.90 | 6.55 |
| Cash Ratio | 4.61 | 4.19 | 1.69 | 3.10 | 4.59 |
| Solvency Ratio | 0.56 | 0.85 | -0.57 | -1.40 | 3.35 |
| Operating Cash Flow Ratio | 0.61 | 0.87 | -0.61 | -1.76 | 0.12 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | C$ 26.13M | C$ 24.74M | C$ 15.18M | C$ 21.08M | C$ 30.23M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.06 | 0.03 | 0.06 | 0.07 | 0.06 |
| Debt-to-Equity Ratio | 0.07 | 0.03 | 0.08 | 0.09 | 0.08 |
| Debt-to-Capital Ratio | 0.07 | 0.03 | 0.08 | 0.08 | 0.07 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.18 | 1.16 | 1.33 | 1.25 | 1.22 |
| Debt Service Coverage Ratio | 0.00 | 34.38 | 0.00 | -72.67 | 3.67 |
| Interest Coverage Ratio | 0.00 | 23.57 | 0.00 | -81.93 | 2.00 |
| Debt to Market Cap | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Debt Per Share | 0.08 | 0.04 | 0.06 | 0.09 | 0.12 |
| Net Debt to EBITDA | -5.02 | -5.05 | 2.03 | 1.47 | -13.23 |
| Profitability Margins | |||||
| Gross Profit Margin | 53.24% | 60.74% | 54.00% | 41.29% | 49.57% |
| EBIT Margin | 6.27% | 6.90% | -17.03% | -50.38% | 4.29% |
| EBITDA Margin | 9.18% | 10.07% | -13.38% | -44.69% | 7.87% |
| Operating Profit Margin | 5.37% | 6.90% | -16.88% | -50.38% | 4.29% |
| Pretax Profit Margin | 6.27% | 8.57% | -16.77% | -51.00% | 2.14% |
| Net Profit Margin | 6.27% | 8.57% | -16.77% | -53.25% | 120.02% |
| Continuous Operations Profit Margin | 6.27% | 8.57% | -16.77% | -51.00% | 2.14% |
| Net Income Per EBT | 100.00% | 100.00% | 100.00% | 104.42% | 5603.56% |
| EBT Per EBIT | 116.69% | 124.12% | 99.37% | 101.22% | 49.98% |
| Return on Assets (ROA) | 5.70% | 8.39% | -17.92% | -31.81% | 57.85% |
| Return on Equity (ROE) | 6.70% | 9.71% | -23.74% | -39.88% | 70.34% |
| Return on Capital Employed (ROCE) | 5.45% | 7.73% | -22.77% | -35.38% | 2.36% |
| Return on Invested Capital (ROIC) | 5.35% | 7.57% | -22.05% | -34.57% | 2.32% |
| Return on Tangible Assets | 5.92% | 8.79% | -19.02% | -33.21% | 59.16% |
| Earnings Yield | 3.58% | 3.28% | -12.00% | -15.50% | 35.94% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.54 | 7.97 | 4.32 | 3.83 | 3.06 |
| Payables Turnover | 5.08 | 3.68 | 2.74 | 2.86 | 2.44 |
| Inventory Turnover | 2.07 | 1.59 | 2.06 | 2.15 | 2.10 |
| Fixed Asset Turnover | 10.12 | 26.43 | 15.80 | 9.69 | 9.28 |
| Asset Turnover | 0.91 | 0.98 | 1.07 | 0.60 | 0.48 |
| Working Capital Turnover Ratio | 1.24 | 1.52 | 1.37 | 0.66 | 1.59 |
| Cash Conversion Cycle | 170.11 | 176.22 | 128.73 | 137.86 | 143.85 |
| Days of Sales Outstanding | 65.93 | 45.79 | 84.57 | 95.19 | 119.34 |
| Days of Inventory Outstanding | 176.04 | 229.58 | 177.36 | 170.14 | 173.98 |
| Days of Payables Outstanding | 71.86 | 99.15 | 133.21 | 127.47 | 149.46 |
| Operating Cycle | 241.97 | 275.37 | 261.93 | 265.33 | 293.32 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 0.08 | 0.14 | -0.13 | -0.31 | 0.02 |
| Free Cash Flow Per Share | 0.06 | 0.13 | -0.18 | -0.35 | 0.02 |
| Dividend Paid and CapEx Coverage Ratio | 3.55 | 8.33 | -2.42 | -7.39 | 3.50 |
| Capital Expenditure Coverage Ratio | 3.55 | 8.33 | -2.42 | -7.39 | 3.50 |
| Operating Cash Flow Coverage Ratio | 1.02 | 3.85 | -2.04 | -3.69 | 0.24 |
| Operating Cash Flow to Sales Ratio | 0.07 | 0.11 | -0.12 | -0.44 | 0.03 |
| Free Cash Flow Yield | 2.86% | 3.76% | -12.11% | -14.56% | 0.68% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 27.96 | 30.45 | -8.33 | -6.45 | 2.78 |
| Price-to-Sales (P/S) Ratio | 1.75 | 2.61 | 1.40 | 3.44 | 3.34 |
| Price-to-Book (P/B) Ratio | 1.87 | 2.96 | 1.98 | 2.57 | 1.96 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 34.99 | 26.60 | -8.26 | -6.87 | 147.23 |
| Price-to-Operating Cash Flow Ratio | 25.15 | 23.41 | -11.68 | -7.80 | 105.14 |
| Price-to-Earnings Growth (PEG) Ratio | -0.88 | -0.19 | 0.16 | 0.01 | -0.02 |
| Enterprise Value Multiple | 14.09 | 20.86 | -8.41 | -6.22 | 29.22 |
| Enterprise Value | 42.45M | 65.46M | 29.94M | 50.45M | 44.97M |
| EV to EBITDA | 14.09 | 20.86 | -8.41 | -6.22 | 29.22 |
| EV to Sales | 1.29 | 2.10 | 1.13 | 2.78 | 2.30 |
| EV to Free Cash Flow | 25.80 | 21.42 | -6.65 | -5.56 | 101.35 |
| EV to Operating Cash Flow | 18.54 | 18.85 | -9.40 | -6.31 | 72.38 |
| Tangible Book Value Per Share | 1.07 | 1.07 | 0.70 | 0.89 | 1.26 |
| Shareholders’ Equity Per Share | 1.12 | 1.13 | 0.76 | 0.94 | 1.29 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue Per Share | 1.20 | 1.28 | 1.07 | 0.70 | 0.76 |
| Net Income Per Share | 0.08 | 0.11 | -0.18 | -0.38 | 0.91 |
| Tax Burden | 1.00 | 1.00 | 1.00 | 1.04 | 56.04 |
| Interest Burden | 1.00 | 1.24 | 0.99 | 1.01 | 0.50 |
| Research & Development to Revenue | 0.04 | 0.05 | 0.05 | 0.06 | 0.06 |
| SG&A to Revenue | 0.38 | 0.42 | 0.28 | 0.38 | 0.25 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 |
| Income Quality | 1.11 | 1.30 | 0.71 | 0.86 | 1.48 |
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