Cathedral Energy Services Balance Sheet Health
Financial Health criteria checks 4/6
Cathedral Energy Services has a total shareholder equity of CA$179.5M and total debt of CA$102.5M, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are CA$403.7M and CA$224.3M respectively. Cathedral Energy Services's EBIT is CA$39.3M making its interest coverage ratio 4.5. It has cash and short-term investments of CA$10.7M.
Key information
57.1%
Debt to equity ratio
CA$102.52m
Debt
Interest coverage ratio | 4.5x |
Cash | CA$10.73m |
Equity | CA$179.47m |
Total liabilities | CA$224.27m |
Total assets | CA$403.73m |
Recent financial health updates
Does Cathedral Energy Services (TSE:CET) Have A Healthy Balance Sheet?
Mar 04Health Check: How Prudently Does Cathedral Energy Services (TSE:CET) Use Debt?
Nov 13Cathedral Energy Services (TSE:CET) Is Carrying A Fair Bit Of Debt
Dec 16Recent updates
Some May Be Optimistic About Cathedral Energy Services' (TSE:CET) Earnings
Apr 04Does Cathedral Energy Services (TSE:CET) Have A Healthy Balance Sheet?
Mar 04Cathedral Energy Services' (TSE:CET) Earnings Aren't As Good As They Appear
Nov 22Health Check: How Prudently Does Cathedral Energy Services (TSE:CET) Use Debt?
Nov 13Cathedral Energy Services (TSE:CET) Is Carrying A Fair Bit Of Debt
Dec 16Financial Position Analysis
Short Term Liabilities: CET's short term assets (CA$173.4M) exceed its short term liabilities (CA$119.6M).
Long Term Liabilities: CET's short term assets (CA$173.4M) exceed its long term liabilities (CA$104.7M).
Debt to Equity History and Analysis
Debt Level: CET's net debt to equity ratio (51.1%) is considered high.
Reducing Debt: CET's debt to equity ratio has increased from 8.1% to 57.1% over the past 5 years.
Debt Coverage: CET's debt is well covered by operating cash flow (68.3%).
Interest Coverage: CET's interest payments on its debt are well covered by EBIT (4.5x coverage).