Athabasca Oil Balance Sheet Health
Financial Health criteria checks 6/6
Athabasca Oil has a total shareholder equity of CA$1.7B and total debt of CA$191.0M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CA$2.2B and CA$542.9M respectively. Athabasca Oil's EBIT is CA$341.3M making its interest coverage ratio 18.6. It has cash and short-term investments of CA$303.4M.
Key information
11.3%
Debt to equity ratio
CA$190.99m
Debt
Interest coverage ratio | 18.6x |
Cash | CA$303.36m |
Equity | CA$1.69b |
Total liabilities | CA$542.91m |
Total assets | CA$2.23b |
Recent financial health updates
Is Athabasca Oil (TSE:ATH) Using Too Much Debt?
Apr 23Here'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
Analysts Just Published A Bright New Outlook For Athabasca Oil Corporation's (TSE:ATH)
Jul 27Are Investors Undervaluing Athabasca Oil Corporation (TSE:ATH) By 50%?
Jul 15We Like These Underlying Return On Capital Trends At Athabasca Oil (TSE:ATH)
Jun 25Athabasca Oil Corporation's (TSE:ATH) Share Price Could Signal Some Risk
May 29Is 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 29Financial Position Analysis
Short Term Liabilities: ATH's short term assets (CA$514.8M) exceed its short term liabilities (CA$208.9M).
Long Term Liabilities: ATH's short term assets (CA$514.8M) exceed its long term liabilities (CA$334.0M).
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 45.5% to 11.3% over the past 5 years.
Debt Coverage: ATH's debt is well covered by operating cash flow (235.5%).
Interest Coverage: ATH's interest payments on its debt are well covered by EBIT (18.6x coverage).