Calfrac Well Services Balance Sheet Health
Financial Health criteria checks 5/6
Calfrac Well Services has a total shareholder equity of CA$623.7M and total debt of CA$314.9M, which brings its debt-to-equity ratio to 50.5%. Its total assets and total liabilities are CA$1.2B and CA$542.6M respectively. Calfrac Well Services's EBIT is CA$144.8M making its interest coverage ratio 5.3. It has cash and short-term investments of CA$58.2M.
Key information
50.5%
Debt to equity ratio
CA$314.95m
Debt
Interest coverage ratio | 5.3x |
Cash | CA$58.24m |
Equity | CA$623.74m |
Total liabilities | CA$542.62m |
Total assets | CA$1.17b |
Recent financial health updates
Calfrac Well Services (TSE:CFW) Seems To Use Debt Quite Sensibly
Mar 15Does 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$469.9M) exceed its short term liabilities (CA$182.6M).
Long Term Liabilities: CFW's short term assets (CA$469.9M) exceed its long term liabilities (CA$360.0M).
Debt to Equity History and Analysis
Debt Level: CFW's net debt to equity ratio (41.2%) is considered high.
Reducing Debt: CFW's debt to equity ratio has reduced from 197.7% to 50.5% over the past 5 years.
Debt Coverage: CFW's debt is well covered by operating cash flow (77.6%).
Interest Coverage: CFW's interest payments on its debt are well covered by EBIT (5.3x coverage).