ACT Energy Technologies Balance Sheet Health

Financial Health criteria checks 5/6

ACT Energy Technologies has a total shareholder equity of CA$225.8M and total debt of CA$92.5M, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are CA$442.6M and CA$216.8M respectively. ACT Energy Technologies's EBIT is CA$55.8M making its interest coverage ratio 17.2. It has cash and short-term investments of CA$17.5M.

Key information

40.9%

Debt to equity ratio

CA$92.45m

Debt

Interest coverage ratio	17.2x
Cash	CA$17.49m
Equity	CA$225.83m
Total liabilities	CA$216.77m
Total assets	CA$442.59m

Recent financial health updates

Recent updates

Take Care Before Jumping Onto Cathedral Energy Services Ltd. (TSE:CET) Even Though It's 86% Cheaper

Jul 04

Cathedral Energy Services Ltd.'s (TSE:CET) CEO Looks Like They Deserve Their Pay Packet

May 03

Some May Be Optimistic About Cathedral Energy Services' (TSE:CET) Earnings

Apr 04

Does Cathedral Energy Services (TSE:CET) Have A Healthy Balance Sheet?

Mar 04

Cathedral Energy Services' (TSE:CET) Earnings Aren't As Good As They Appear

Nov 22

Health Check: How Prudently Does Cathedral Energy Services (TSE:CET) Use Debt?

Nov 13

Cathedral Energy Services (TSE:CET) Is Carrying A Fair Bit Of Debt

Dec 16

Financial Position Analysis

Short Term Liabilities: ACX's short term assets (CA$179.8M) exceed its short term liabilities (CA$122.1M).

Long Term Liabilities: ACX's short term assets (CA$179.8M) exceed its long term liabilities (CA$94.6M).

Debt to Equity History and Analysis

Debt Level: ACX's net debt to equity ratio (33.2%) is considered satisfactory.

Reducing Debt: ACX's debt to equity ratio has increased from 9.3% to 40.9% over the past 5 years.

Debt Coverage: ACX's debt is well covered by operating cash flow (92.8%).

Interest Coverage: ACX's interest payments on its debt are well covered by EBIT (17.2x coverage).

ACT Energy Technologies Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Does Cathedral Energy Services (TSE:CET) Have A Healthy Balance Sheet?

Health Check: How Prudently Does Cathedral Energy Services (TSE:CET) Use Debt?

Cathedral Energy Services (TSE:CET) Is Carrying A Fair Bit Of Debt

Recent updates

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Independent Director recently sold CA$112k worth of stock

New minor risk - Shareholder dilution

Executive Chairman recently bought CA$85k worth of stock

New minor risk - Earnings quality

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

ACT Energy Technologies Ltd. Reports Unaudited Consolidated Impairment Results for the Second Quarter Ended June 30, 2024

Price target increased by 23% to CA$12.16

New minor risk - Shareholder dilution

Price target decreased by 18% to CA$9.91

Take Care Before Jumping Onto Cathedral Energy Services Ltd. (TSE:CET) Even Though It's 86% Cheaper

Insider recently sold CA$275k worth of stock

President exercised options and sold CA$224k worth of stock

Cathedral Energy Services Ltd. Appoints Daniel Adams to Its Board of Directors and Audit Committee

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Cathedral Energy Services Ltd.'s (TSE:CET) CEO Looks Like They Deserve Their Pay Packet

Insider exercised options to buy CA$193k worth of stock.

Some May Be Optimistic About Cathedral Energy Services' (TSE:CET) Earnings

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Cathedral Energy Services Ltd. Reports Write-Off of Property, Plant and Equipment for the Fourth Quarter Ended December 31, 2023

Cathedral Energy Services Ltd., Annual General Meeting, May 09, 2024

Executive Chairman recently bought CA$72k worth of stock

Consensus EPS estimates fall by 48%

New minor risk - Earnings quality

New minor risk - Financial position

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 9.0% to CA$1.72

Cathedral Energy Services Ltd. Announces Resignation of James R. (J.R.) Boyles as Director, Effective November 10, 2023

New minor risk - Insider selling

President exercised options and sold CA$313k worth of stock

Second quarter 2023 earnings: EPS misses analyst expectations

Executive Chairman recently bought CA$130k worth of stock

Consensus EPS estimates fall by 14%

Cathedral Energy Services Ltd. (TSX:CET) acquired Rime Downhole Technologies, LLC for $41 million.

President exercised options to buy CA$881k worth of stock.

Consensus EPS estimates fall by 26%

Cathedral Energy Services Ltd. Names Mike Hearn as Senior Vice-President, Corporate Development

Executive Chairman recently bought CA$297k worth of stock

Executive Chairman recently bought CA$297k worth of stock

Price target decreased by 10% to CA$2.18

Full year 2022 earnings released: EPS: CA$0.11 (vs CA$0.13 loss in FY 2021)

Does Cathedral Energy Services (TSE:CET) Have A Healthy Balance Sheet?

Executive Chairman recently bought CA$120k worth of stock

Insider recently sold CA$1.0m worth of stock

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Cathedral Energy Services' (TSE:CET) Earnings Aren't As Good As They Appear

Price target increased to CA$2.37

Health Check: How Prudently Does Cathedral Energy Services (TSE:CET) Use Debt?

Cathedral Energy Services Ltd. (TSX:CET) acquired Operating Assets and Drilling Business of Ensign Drilling Inc. for CAD 5 million.

Cathedral Energy Services Appoints Rod Maxwell as Executive Chair

Director of Finance & Accounting exercised options and sold CA$1.6b worth of stock

Second quarter 2022 earnings released: CA$0.022 loss per share (vs CA$0.11 loss in 2Q 2021)

Independent Chairman recently bought CA$200k worth of stock

Cathedral Energy Services Ltd. Announces Executive Changes

Cathedral Energy Services Ltd. (TSX:CET) completed the acquisition of Drilling services business of Altitude Energy Partners, LLC for $88.7 million.

Cathedral Energy Services Ltd. (TSX:CET) completed the acquisition of Drilling services business of Altitude Energy Partners, LLC for $88.7 million.

Cathedral Energy Services Ltd. (TSX:CET) agreed to acquire Drilling services business of Altitude Energy Partners, LLC from Altitude Energy Partners, LLC for approximately $89 million.

Cathedral Energy Services Ltd. (TSX:CET) acquired Operating Assets of Compass Directional Services Ltd. for CAD 9.3 million.

Cathedral Energy Services Ltd. (TSX:CET) acquired 90.98% stake in LEXA Drilling Technologies Inc. for CAD 1 million.

First quarter 2022 earnings released: EPS: CA$0.02 (vs CA$0.042 loss in 1Q 2021)

Insider recently bought CA$7.0m worth of stock

Price target increased to CA$1.10

Cathedral Energy Services Ltd. has completed a Composite Units Offering in the amount of CAD 34.95069 million.

Cathedral Energy Services Ltd. has completed a Composite Units Offering in the amount of CAD 34.95069 million.

Full year 2021 earnings: Revenues exceed analyst expectations

Cathedral Energy Services Ltd. (TSX:CET) acquired operating assets of Discovery Downhole Services from Discovery Downhole Services, Inc. for CAD 20.8 million.

Cathedral Energy Services (TSE:CET) Is Carrying A Fair Bit Of Debt

Independent Chairman recently bought CA$50k worth of stock

Third quarter 2021 earnings released: EPS CA$0.01 (vs CA$0.10 loss in 3Q 2020)

Independent Chairman recently bought CA$205k worth of stock

Cathedral Energy Services Ltd. (TSX:CET) acquired Operating assets from Valiant Energy Services, LLC for CAD 1.5 million.