Advantage Energy Balance Sheet Health
Financial Health criteria checks 4/6
Advantage Energy has a total shareholder equity of CA$1.6B and total debt of CA$352.0M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are CA$2.3B and CA$742.6M respectively. Advantage Energy's EBIT is CA$179.8M making its interest coverage ratio 6.3. It has cash and short-term investments of CA$19.3M.
Key information
22.6%
Debt to equity ratio
CA$352.01m
Debt
| Interest coverage ratio | 6.3x |
| Cash | CA$19.26m |
| Equity | CA$1.56b |
| Total liabilities | CA$742.63m |
| Total assets | CA$2.30b |
Recent financial health updates
Is Advantage Energy (TSE:AAV) A Risky Investment?
Apr 10
Here's Why Advantage Energy (TSE:AAV) Has A Meaningful Debt Burden
Nov 01We Think Advantage Energy (TSE:AAV) Can Stay On Top Of Its Debt
May 19Advantage Energy (TSE:AAV) Has A Pretty Healthy Balance Sheet
Jan 30Advantage Energy (TSE:AAV) Seems To Use Debt Quite Sensibly
Oct 10Advantage Energy (TSE:AAV) Has A Pretty Healthy Balance Sheet
Jul 06Recent updates
Is Advantage Energy (TSE:AAV) A Risky Investment?
Apr 10Investors Don't See Light At End Of Advantage Energy Ltd.'s (TSE:AAV) Tunnel
Feb 12A Look At The Fair Value Of Advantage Energy Ltd. (TSE:AAV)
Jan 28Here's Why Advantage Energy (TSE:AAV) Has A Meaningful Debt Burden
Nov 01Is There An Opportunity With Advantage Energy Ltd.'s (TSE:AAV) 48% Undervaluation?
Sep 16We Think Advantage Energy (TSE:AAV) Can Stay On Top Of Its Debt
May 19An Intrinsic Calculation For Advantage Energy Ltd. (TSE:AAV) Suggests It's 39% Undervalued
Feb 21Advantage Energy (TSE:AAV) Has A Pretty Healthy Balance Sheet
Jan 30Here's Why We Think Advantage Energy (TSE:AAV) Might Deserve Your Attention Today
Dec 30Advantage Energy (TSE:AAV) Seems To Use Debt Quite Sensibly
Oct 10We Ran A Stock Scan For Earnings Growth And Advantage Energy (TSE:AAV) Passed With Ease
Aug 23Advantage Energy (TSE:AAV) Has A Pretty Healthy Balance Sheet
Jul 06Estimating The Fair Value Of Advantage Energy Ltd. (TSE:AAV)
Apr 14We Believe Advantage Energy's (TSE:AAV) Earnings Are A Poor Guide For Its Profitability
Mar 03Advantage Energy (TSE:AAV) Seems To Use Debt Quite Sensibly
Jan 20An Intrinsic Calculation For Advantage Energy Ltd. (TSE:AAV) Suggests It's 25% Undervalued
Dec 03Here's Why Advantage Energy (TSE:AAV) Can Manage Its Debt Responsibly
Aug 25Is Advantage Oil & Gas (TSE:AAV) Using Too Much Debt?
May 26Here's Why Shareholders Should Examine Advantage Oil & Gas Ltd.'s (TSE:AAV) CEO Compensation Package More Closely
Apr 30Estimating The Fair Value Of Advantage Oil & Gas Ltd. (TSE:AAV)
Apr 28Advantage Oil & Gas Ltd. (TSE:AAV) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
Feb 28Financial Position Analysis
Short Term Liabilities: AAV's short term assets (CA$120.5M) exceed its short term liabilities (CA$96.4M).
Long Term Liabilities: AAV's short term assets (CA$120.5M) do not cover its long term liabilities (CA$646.2M).
Debt to Equity History and Analysis
Debt Level: AAV's net debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: AAV's debt to equity ratio has increased from 20.3% to 22.6% over the past 5 years.
Debt Coverage: AAV's debt is well covered by operating cash flow (91.9%).
Interest Coverage: AAV's interest payments on its debt are well covered by EBIT (6.3x coverage).