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Covalon Technologies Ltd
XTSX:COV

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Covalon Technologies Ltd
XTSX:COV
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Price: 1.99 CAD Market Closed
Market Cap: CA$55m

Bankruptcy Probability

Covalon Technologies Ltd's probability of bankruptcy is 1%, making a collapse highly unlikely. The solvency score is 84/100 — a strong indicator of financial stability.

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.

Very Low
Probability of Bankruptcy

Financial Position

Cash & ST Investments
+
3Y
+27%
5Y
+606%
10Y
+1 100%
Long-Term Investments
+
3Y
-
5Y
-
10Y
-
Debt
+
3Y
+10%
5Y
-84%
10Y
-

Solvency Ratios

Solvency Ratios Comparison
Covalon Technologies Ltd Competitors

Country Company Market Cap D/E D/A Interest
Coverage
Altman
Z-Score
Quick
Ratio
Current
Ratio
Cash
Ratio
CA
Covalon Technologies Ltd
XTSX:COV
55m CAD
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FR
Pharnext SCA
OTC:PNEXF
6T USD
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US
Abbvie Inc
NYSE:ABBV
371.7B USD
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US
Amgen Inc
NASDAQ:AMGN
189.2B USD
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US
Gilead Sciences Inc
NASDAQ:GILD
174.3B USD
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US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
112.8B USD
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US
Epizyme Inc
F:EPE
94.1B EUR
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US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
79.9B USD
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NL
argenx SE
XBRU:ARGX
43.6B EUR
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AU
CSL Ltd
ASX:CSL
66.6B AUD
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US
Seagen Inc
F:SGT
39.3B EUR
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No Stocks Found
Is Covalon Technologies Ltd at risk of bankruptcy?

Covalon Technologies Ltd's probability of bankruptcy is 1%, making a collapse highly unlikely.

The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does Covalon Technologies Ltd have?

As of the latest report, Covalon Technologies Ltd has total debt of 1.5m CAD. This includes both short-term (0 CAD) and long-term (1.5m CAD) debt.

You can find a full breakdown on its Balance Sheet.

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