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Canadian Overseas Petroleum Balance Sheet Health
Financial Health criteria checks 2/6
Canadian Overseas Petroleum has a total shareholder equity of $22.8M and total debt of $55.5M, which brings its debt-to-equity ratio to 243.5%. Its total assets and total liabilities are $114.8M and $92.0M respectively.
Key information
243.5%
Debt to equity ratio
US$55.54m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.18m |
| Equity | US$22.81m |
| Total liabilities | US$92.02m |
| Total assets | US$114.83m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: XOP's short term assets ($3.9M) do not cover its short term liabilities ($20.5M).
Long Term Liabilities: XOP's short term assets ($3.9M) do not cover its long term liabilities ($71.6M).
Debt to Equity History and Analysis
Debt Level: XOP's net debt to equity ratio (234%) is considered high.
Reducing Debt: XOP's debt to equity ratio has increased from 0% to 243.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: XOP has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: XOP is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.