Calfrac Well Services Balance Sheet Health
Financial Health criteria checks 6/6
Calfrac Well Services has a total shareholder equity of CA$615.9M and total debt of CA$250.8M, which brings its debt-to-equity ratio to 40.7%. Its total assets and total liabilities are CA$1.1B and CA$510.3M respectively. Calfrac Well Services's EBIT is CA$207.5M making its interest coverage ratio 7. It has cash and short-term investments of CA$34.1M.
Key information
40.7%
Debt to equity ratio
CA$250.78m
Debt
| Interest coverage ratio | 7x |
| Cash | CA$34.14m |
| Equity | CA$615.90m |
| Total liabilities | CA$510.29m |
| Total assets | CA$1.13b |
Recent financial health updates
Calfrac Well Services (TSE:CFW) Seems To Use Debt Quite Sensibly
Mar 15
Does Calfrac Well Services (TSE:CFW) Have A Healthy Balance Sheet?
May 11Recent updates
Here's Why We Think Calfrac Well Services (TSE:CFW) Is Well Worth Watching
May 01Calfrac Well Services (TSE:CFW) Seems To Use Debt Quite Sensibly
Mar 15Investors Holding Back On Calfrac Well Services Ltd. (TSE:CFW)
Jan 25Returns On Capital Are A Standout For Calfrac Well Services (TSE:CFW)
Nov 11Is Calfrac Well Services Ltd. (TSE:CFW) Trading At A 42% Discount?
Aug 17Does Calfrac Well Services (TSE:CFW) Have A Healthy Balance Sheet?
May 11Why Calfrac Well Services' (TSE:CFW) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 09Financial Position Analysis
Short Term Liabilities: CFW's short term assets (CA$458.0M) exceed its short term liabilities (CA$208.4M).
Long Term Liabilities: CFW's short term assets (CA$458.0M) exceed its long term liabilities (CA$301.9M).
Debt to Equity History and Analysis
Debt Level: CFW's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: CFW's debt to equity ratio has reduced from 192.6% to 40.7% over the past 5 years.
Debt Coverage: CFW's debt is well covered by operating cash flow (112.3%).
Interest Coverage: CFW's interest payments on its debt are well covered by EBIT (7x coverage).