Advantage Energy Balance Sheet Health
Financial Health criteria checks 2/6
Advantage Energy has a total shareholder equity of CA$1.6B and total debt of CA$759.5M, which brings its debt-to-equity ratio to 46.9%. Its total assets and total liabilities are CA$2.8B and CA$1.2B respectively. Advantage Energy's EBIT is CA$120.4M making its interest coverage ratio 3. It has cash and short-term investments of CA$12.2M.
Key information
46.9%
Debt to equity ratio
CA$759.46m
Debt
| Interest coverage ratio | 3x |
| Cash | CA$12.21m |
| Equity | CA$1.62b |
| Total liabilities | CA$1.23b |
| Total assets | CA$2.85b |
Recent financial health updates
Advantage Energy (TSE:AAV) Has A Somewhat Strained Balance Sheet
Nov 12
Is Advantage Energy (TSE:AAV) Using Too Much Debt?
Jul 30Is Advantage Energy (TSE:AAV) A Risky Investment?
Apr 10Here'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 30Recent updates
Advantage Energy (TSE:AAV) Has A Somewhat Strained Balance Sheet
Nov 12A Look At The Intrinsic Value Of Advantage Energy Ltd. (TSE:AAV)
Oct 02Investors Still Waiting For A Pull Back In Advantage Energy Ltd. (TSE:AAV)
Aug 23Advantage Energy's (TSE:AAV) Anemic Earnings Might Be Worse Than You Think
Aug 01Is Advantage Energy (TSE:AAV) Using Too Much Debt?
Jul 30Industry Analysts Just Upgraded Their Advantage Energy Ltd. (TSE:AAV) Revenue Forecasts By 19%
Jun 25Is 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 14Financial Position Analysis
Short Term Liabilities: AAV's short term assets (CA$142.1M) do not cover its short term liabilities (CA$188.9M).
Long Term Liabilities: AAV's short term assets (CA$142.1M) do not cover its long term liabilities (CA$1.0B).
Debt to Equity History and Analysis
Debt Level: AAV's net debt to equity ratio (46.2%) is considered high.
Reducing Debt: AAV's debt to equity ratio has increased from 20.9% to 46.9% over the past 5 years.
Debt Coverage: AAV's debt is well covered by operating cash flow (32.9%).
Interest Coverage: AAV's interest payments on its debt are well covered by EBIT (3x coverage).