Canlan Ice Sports Corp. operates multi-purpose recreation and entertainment facilities across North America. While the company boasts a high gross margin of 93.5%, indicating strong pricing power, it struggles with profitability, as evidenced by a net margin of -1.5% and low return metrics (ROE: -0.9%, ROA: -0.3%). Additionally, liquidity concerns arise with a current ratio of 0.65, suggesting potential challenges in meeting short-term obligations. Overall, the high margins juxtaposed with negative profitability and liquidity issues present a mixed outlook for investors.
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Gross profit margin declined from 94.2% to 28.2% year-over-year, suggesting pricing pressure or rising input costs are squeezing profitability.
Debt of $50.7M is 4.0x the company's cash position of $12.8M.
Operating margin expanded by 8.0pp, demonstrating strong operational leverage.
Operating cash flow of $15.6M exceeds net income by 286%, indicating high-quality earnings with strong cash conversion.
Operating cash flow grew 17.5% YoY, demonstrating improving cash conversion.
Strong cash flow conversion with 15.1% of revenue converting to operating cash.
Free cash flow grew 17.5% YoY, providing more resources for growth and returns.
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Based on 2026-Q2 (June 30, 2026)