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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 15:15 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Advantage Energy Ltd. is covered by 25 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Laique Ahmad Amir Arif | ATB Capital Markets |
| Patrick O'Rourke | ATB Capital Markets |
| Tariq Saad | BMO Capital Markets Equity Research |