Athabasca Oil Balance Sheet Health
Financial Health criteria checks 6/6
Athabasca Oil has a total shareholder equity of CA$1.6B and total debt of CA$179.7M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CA$2.0B and CA$465.2M respectively. Athabasca Oil's EBIT is CA$164.5M making its interest coverage ratio 8.8. It has cash and short-term investments of CA$343.3M.
Key information
11.3%
Debt to equity ratio
CA$179.71m
Debt
| Interest coverage ratio | 8.8x |
| Cash | CA$343.31m |
| Equity | CA$1.58b |
| Total liabilities | CA$465.18m |
| Total assets | CA$2.05b |
Recent financial health updates
Is Athabasca Oil (TSE:ATH) Using Too Much Debt?
Apr 23
Here's Why Athabasca Oil (TSE:ATH) Can Manage Its Debt Responsibly
Jan 08We Think Athabasca Oil (TSE:ATH) Can Manage Its Debt With Ease
Sep 18These 4 Measures Indicate That Athabasca Oil (TSE:ATH) Is Using Debt Reasonably Well
Feb 07Does Athabasca Oil (TSE:ATH) Have A Healthy Balance Sheet?
Oct 25We Think Athabasca Oil (TSE:ATH) Can Stay On Top Of Its Debt
Jun 27Recent updates
Is Athabasca Oil (TSE:ATH) Using Too Much Debt?
Apr 23There's Been No Shortage Of Growth Recently For Athabasca Oil's (TSE:ATH) Returns On Capital
Feb 21Is There An Opportunity With Athabasca Oil Corporation's (TSE:ATH) 31% Undervaluation?
Feb 03Here's Why Athabasca Oil (TSE:ATH) Can Manage Its Debt Responsibly
Jan 08Little Excitement Around Athabasca Oil Corporation's (TSE:ATH) Earnings
Dec 18Returns At Athabasca Oil (TSE:ATH) Are On The Way Up
Oct 13We Think Athabasca Oil (TSE:ATH) Can Manage Its Debt With Ease
Sep 18Here's Why Athabasca Oil (TSE:ATH) Has Caught The Eye Of Investors
Aug 25Athabasca Oil (TSE:ATH) Ticks All The Boxes When It Comes To Earnings Growth
Apr 19Take Care Before Diving Into The Deep End On Athabasca Oil Corporation (TSE:ATH)
Mar 21These 4 Measures Indicate That Athabasca Oil (TSE:ATH) Is Using Debt Reasonably Well
Feb 07Athabasca Oil (TSE:ATH) Is Experiencing Growth In Returns On Capital
Jan 13Do Athabasca Oil's (TSE:ATH) Earnings Warrant Your Attention?
Dec 20Does Athabasca Oil (TSE:ATH) Have A Healthy Balance Sheet?
Oct 25Athabasca Oil (TSE:ATH) Might Have The Makings Of A Multi-Bagger
Aug 24We Think Athabasca Oil (TSE:ATH) Can Stay On Top Of Its Debt
Jun 27Athabasca Oil (TSE:ATH) Shareholders Will Want The ROCE Trajectory To Continue
May 04We Think Athabasca Oil (TSE:ATH) Is Taking Some Risk With Its Debt
Feb 08Athabasca Oil (TSE:ATH) Might Have The Makings Of A Multi-Bagger
Jan 13Is Athabasca Oil (TSE:ATH) A Risky Investment?
Oct 16It Looks Like Athabasca Oil Corporation's (TSE:ATH) CEO May Expect Their Salary To Be Put Under The Microscope
Apr 29Athabasca Oil (TSE:ATH) Share Prices Have Dropped 61% In The Last Five Years
Mar 04What Can We Conclude About Athabasca Oil's (TSE:ATH) CEO Pay?
Nov 19
Financial Position Analysis
Short Term Liabilities: ATH's short term assets (CA$500.6M) exceed its short term liabilities (CA$185.1M).
Long Term Liabilities: ATH's short term assets (CA$500.6M) exceed its long term liabilities (CA$280.1M).
Debt to Equity History and Analysis
Debt Level: ATH has more cash than its total debt.
Reducing Debt: ATH's debt to equity ratio has reduced from 60.2% to 11.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ATH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ATH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51% per year.