Birchcliff Energy Balance Sheet Health
Financial Health criteria checks 4/6
Birchcliff Energy has a total shareholder equity of CA$2.2B and total debt of CA$481.2M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are CA$3.2B and CA$1.0B respectively. Birchcliff Energy's EBIT is CA$93.3M making its interest coverage ratio 2.9. It has cash and short-term investments of CA$112.0K.
Key information
21.7%
Debt to equity ratio
CA$481.16m
Debt
| Interest coverage ratio | 2.9x |
| Cash | CA$112.00k |
| Equity | CA$2.21b |
| Total liabilities | CA$1.03b |
| Total assets | CA$3.24b |
Recent financial health updates
Birchcliff Energy (TSE:BIR) Has A Somewhat Strained Balance Sheet
Sep 07
We Think Birchcliff Energy (TSE:BIR) Is Taking Some Risk With Its Debt
May 09Is Birchcliff Energy (TSE:BIR) A Risky Investment?
Nov 11Here's Why Birchcliff Energy (TSE:BIR) Can Manage Its Debt Responsibly
Aug 04Birchcliff Energy (TSE:BIR) Has A Pretty Healthy Balance Sheet
Mar 06Does Birchcliff Energy (TSE:BIR) Have A Healthy Balance Sheet?
Oct 06Recent updates
Birchcliff Energy (TSE:BIR) Has A Somewhat Strained Balance Sheet
Sep 07Here's What's Concerning About Birchcliff Energy's (TSE:BIR) Returns On Capital
Jun 01We Think Birchcliff Energy (TSE:BIR) Is Taking Some Risk With Its Debt
May 09Birchcliff Energy's (TSE:BIR) Dividend Will Be Reduced To CA$0.10
Feb 22The Returns At Birchcliff Energy (TSE:BIR) Aren't Growing
Feb 09Birchcliff Energy Ltd.'s (TSE:BIR) Business Is Trailing The Industry But Its Shares Aren't
Dec 20Is Birchcliff Energy (TSE:BIR) A Risky Investment?
Nov 11Investors Will Want Birchcliff Energy's (TSE:BIR) Growth In ROCE To Persist
Oct 24A Look At The Intrinsic Value Of Birchcliff Energy Ltd. (TSE:BIR)
Aug 25Here's Why Birchcliff Energy (TSE:BIR) Can Manage Its Debt Responsibly
Aug 04Birchcliff Energy (TSE:BIR) Is Achieving High Returns On Its Capital
Jul 15Birchcliff Energy (TSE:BIR) Ticks All The Boxes When It Comes To Earnings Growth
May 28Some Analysts Just Cut Their Birchcliff Energy Ltd. (TSE:BIR) Estimates
May 13Birchcliff Energy Ltd.'s (TSE:BIR) Intrinsic Value Is Potentially 71% Above Its Share Price
Apr 27Returns On Capital Are A Standout For Birchcliff Energy (TSE:BIR)
Mar 28Birchcliff Energy (TSE:BIR) Has A Pretty Healthy Balance Sheet
Mar 06Birchcliff Energy (TSE:BIR) Will Pay A Larger Dividend Than Last Year At CA$0.20
Feb 17Birchcliff Energy (TSE:BIR) Has Announced That It Will Be Increasing Its Dividend To CA$0.20
Jan 26We Ran A Stock Scan For Earnings Growth And Birchcliff Energy (TSE:BIR) Passed With Ease
Jan 08Investors Shouldn't Overlook Birchcliff Energy's (TSE:BIR) Impressive Returns On Capital
Dec 06Does Birchcliff Energy (TSE:BIR) Have A Healthy Balance Sheet?
Oct 06Does Birchcliff Energy (TSE:BIR) Deserve A Spot On Your Watchlist?
Sep 15Birchcliff Energy Ltd. (TSE:BIR) Shares Could Be 43% Below Their Intrinsic Value Estimate
Aug 18Financial Position Analysis
Short Term Liabilities: BIR's short term assets (CA$119.0M) exceed its short term liabilities (CA$78.2M).
Long Term Liabilities: BIR's short term assets (CA$119.0M) do not cover its long term liabilities (CA$951.8M).
Debt to Equity History and Analysis
Debt Level: BIR's net debt to equity ratio (21.7%) is considered satisfactory.
Reducing Debt: BIR's debt to equity ratio has reduced from 37.9% to 21.7% over the past 5 years.
Debt Coverage: BIR's debt is well covered by operating cash flow (49.7%).
Interest Coverage: BIR's interest payments on its debt are not well covered by EBIT (2.9x coverage).