Cardinal Energy Balance Sheet Health
Financial Health criteria checks 4/6
Cardinal Energy has a total shareholder equity of CA$905.3M and total debt of CA$86.8M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are CA$1.2B and CA$322.4M respectively. Cardinal Energy's EBIT is CA$148.6M making its interest coverage ratio 9.7. It has cash and short-term investments of CA$3.7M.
Key information
9.6%
Debt to equity ratio
CA$86.79m
Debt
| Interest coverage ratio | 9.7x |
| Cash | CA$3.73m |
| Equity | CA$905.32m |
| Total liabilities | CA$322.40m |
| Total assets | CA$1.23b |
Recent financial health updates
These 4 Measures Indicate That Cardinal Energy (TSE:CJ) Is Using Debt Reasonably Well
Jun 24
Cardinal Energy (TSE:CJ) Seems To Use Debt Quite Sensibly
Oct 25Is Cardinal Energy (TSE:CJ) Using Too Much Debt?
Jul 12Recent updates
We Think Cardinal Energy Ltd.'s (TSE:CJ) CEO Compensation Looks Fair
May 04Cardinal Energy (TSE:CJ) Will Pay A Dividend Of CA$0.06
Apr 25Investors Shouldn't Overlook Cardinal Energy's (TSE:CJ) Impressive Returns On Capital
Dec 06Need To Know: One Analyst Is Much More Bullish On Cardinal Energy Ltd. (TSE:CJ) Revenues
Oct 24Cardinal Energy (TSE:CJ) Is Paying Out A Dividend Of CA$0.06
Oct 15Cardinal Energy (TSE:CJ) Is Paying Out A Dividend Of CA$0.06
Sep 16Cardinal Energy (TSE:CJ) Has Announced A Dividend Of CA$0.06
Jul 26These 4 Measures Indicate That Cardinal Energy (TSE:CJ) Is Using Debt Reasonably Well
Jun 24We Like Cardinal Energy's (TSE:CJ) Returns And Here's How They're Trending
Apr 14A Look At The Fair Value Of Cardinal Energy Ltd. (TSE:CJ)
Dec 24Cardinal Energy (TSE:CJ) Seems To Use Debt Quite Sensibly
Oct 25Should You Be Adding Cardinal Energy (TSE:CJ) To Your Watchlist Today?
Aug 24Is Cardinal Energy (TSE:CJ) Using Too Much Debt?
Jul 12A Piece Of The Puzzle Missing From Cardinal Energy Ltd.'s (TSE:CJ) Share Price
May 20Financial Position Analysis
Short Term Liabilities: CJ's short term assets (CA$69.4M) do not cover its short term liabilities (CA$111.7M).
Long Term Liabilities: CJ's short term assets (CA$69.4M) do not cover its long term liabilities (CA$210.7M).
Debt to Equity History and Analysis
Debt Level: CJ's net debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: CJ's debt to equity ratio has reduced from 32.4% to 9.6% over the past 5 years.
Debt Coverage: CJ's debt is well covered by operating cash flow (263.3%).
Interest Coverage: CJ's interest payments on its debt are well covered by EBIT (9.7x coverage).