AKITA Drilling Balance Sheet Health
Financial Health criteria checks 3/6
AKITA Drilling has a total shareholder equity of CA$159.2M and total debt of CA$52.4M, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are CA$242.4M and CA$83.1M respectively.
Key information
32.9%
Debt to equity ratio
CA$52.40m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.85m |
| Equity | CA$159.21m |
| Total liabilities | CA$83.14m |
| Total assets | CA$242.35m |
Recent financial health updates
Here's Why AKITA Drilling (TSE:AKT.A) Has A Meaningful Debt Burden
Mar 05
Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?
Jul 12Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?
Sep 23AKITA Drilling (TSE:AKT.A) Has Debt But No Earnings; Should You Worry?
Jun 15Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?
Nov 04Is AKITA Drilling (TSE:AKT.A) Weighed On By Its Debt Load?
Jul 22Recent updates
Take Care Before Diving Into The Deep End On AKITA Drilling Ltd. (TSE:AKT.A)
Sep 24AKITA Drilling Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
May 09We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings
Mar 31Here's Why AKITA Drilling (TSE:AKT.A) Has A Meaningful Debt Burden
Mar 05Market Cool On AKITA Drilling Ltd.'s (TSE:AKT.A) Revenues
Jan 25The Return Trends At AKITA Drilling (TSE:AKT.A) Look Promising
Nov 08Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?
Jul 12We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings
Mar 27Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?
Sep 23AKITA Drilling (TSE:AKT.A) Has Debt But No Earnings; Should You Worry?
Jun 15Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?
Nov 04Is AKITA Drilling (TSE:AKT.A) Weighed On By Its Debt Load?
Jul 22Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?
Apr 08Is AKITA Drilling (TSE:AKT.A) Using Debt In A Risky Way?
Dec 24
Financial Position Analysis
Short Term Liabilities: AKT.A's short term assets (CA$38.7M) exceed its short term liabilities (CA$23.0M).
Long Term Liabilities: AKT.A's short term assets (CA$38.7M) do not cover its long term liabilities (CA$60.2M).
Debt to Equity History and Analysis
Debt Level: AKT.A's net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: AKT.A's debt to equity ratio has increased from 32.6% to 32.9% over the past 5 years.
Debt Coverage: AKT.A's debt is well covered by operating cash flow (71.9%).
Interest Coverage: Insufficient data to determine if AKT.A's interest payments on its debt are well covered by EBIT.