Is Element Fleet Management financially healthy?
Not really
Element Fleet Management carries heavy debt: it would take 7.9 years of earnings to pay it off.
The numbers behind it
Net debt / EBITDA7.9 years
Current ratio7.3×Short-term assets for each CA$1 of bills due within a year
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about Element Fleet Management
Data as of Nov 13, 2026.