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$757.1M, which brings its debt-to-equity ratio to 46.7%. Its total assets and total liabilities are CA$2.8B and CA$1.2B respectively. Advantage Energy's EBIT is CA$155.7M making its interest coverage ratio 4.9. It has cash and short-term investments of CA$19.4M.
Key information
46.7%
Debt to equity ratio
CA$757.15m
Debt
| Interest coverage ratio | 4.9x |
| Cash | CA$19.35m |
| Equity | CA$1.62b |
| Total liabilities | CA$1.20b |
| Total assets | CA$2.82b |
Recent financial health updates
Is Advantage Energy (TSE:AAV) Using Too Much Debt?
Jul 30
Is 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 30Advantage Energy (TSE:AAV) Seems To Use Debt Quite Sensibly
Oct 10Recent updates
Is 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 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 25Financial Position Analysis
Short Term Liabilities: AAV's short term assets (CA$108.7M) do not cover its short term liabilities (CA$143.4M).
Long Term Liabilities: AAV's short term assets (CA$108.7M) do not cover its long term liabilities (CA$1.1B).
Debt to Equity History and Analysis
Debt Level: AAV's net debt to equity ratio (45.5%) is considered high.
Reducing Debt: AAV's debt to equity ratio has increased from 20.2% to 46.7% over the past 5 years.
Debt Coverage: AAV's debt is well covered by operating cash flow (38.8%).
Interest Coverage: AAV's interest payments on its debt are well covered by EBIT (4.9x coverage).