Canacol Energy Balance Sheet Health
Financial Health criteria checks 2/6
Canacol Energy has a total shareholder equity of $346.4M and total debt of $713.0M, which brings its debt-to-equity ratio to 205.8%. Its total assets and total liabilities are $1.2B and $884.9M respectively. Canacol Energy's EBIT is $169.0M making its interest coverage ratio 2.7. It has cash and short-term investments of $67.1M.
Key information
205.8%
Debt to equity ratio
US$712.96m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$67.14m |
| Equity | US$346.43m |
| Total liabilities | US$884.91m |
| Total assets | US$1.23b |
Recent financial health updates
Is Canacol Energy (TSE:CNE) Using Too Much Debt?
Nov 08
Here's Why Canacol Energy (TSE:CNE) Has A Meaningful Debt Burden
Dec 21Recent updates
Slowing Rates Of Return At Canacol Energy (TSE:CNE) Leave Little Room For Excitement
Dec 20Improved Revenues Required Before Canacol Energy Ltd (TSE:CNE) Stock's 28% Jump Looks Justified
Nov 22Is Canacol Energy (TSE:CNE) Using Too Much Debt?
Nov 08Revenues Working Against Canacol Energy Ltd's (TSE:CNE) Share Price Following 26% Dive
Sep 12There Is A Reason Canacol Energy Ltd's (TSE:CNE) Price Is Undemanding
Jul 13Weak Statutory Earnings May Not Tell The Whole Story For Canacol Energy (TSE:CNE)
Mar 28Canacol Energy (TSE:CNE) Might Have The Makings Of A Multi-Bagger
Mar 23Investors Don't See Light At End Of Canacol Energy Ltd's (TSE:CNE) Tunnel And Push Stock Down 27%
Feb 15Calculating The Intrinsic Value Of Canacol Energy Ltd (TSE:CNE)
Dec 24Canacol Energy (TSE:CNE) Is Looking To Continue Growing Its Returns On Capital
Jan 12Here's Why Canacol Energy (TSE:CNE) Has A Meaningful Debt Burden
Dec 21Canacol Energy (TSE:CNE) Is Due To Pay A Dividend Of $0.052
Sep 23Canacol Energy's (TSE:CNE) Dividend Will Be CA$0.052
Jun 24Financial Position Analysis
Short Term Liabilities: CNE's short term assets ($171.7M) exceed its short term liabilities ($114.1M).
Long Term Liabilities: CNE's short term assets ($171.7M) do not cover its long term liabilities ($770.8M).
Debt to Equity History and Analysis
Debt Level: CNE's net debt to equity ratio (186.4%) is considered high.
Reducing Debt: CNE's debt to equity ratio has increased from 154.6% to 205.8% over the past 5 years.
Debt Coverage: CNE's debt is well covered by operating cash flow (20.8%).
Interest Coverage: CNE's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 09:00 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Canacol Energy Ltd is covered by 28 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Randy Ollenberger | BMO Capital Markets Equity Research |
| Daniel Guardiola | BTG Pactual |
| Natalia Agudelo | BTG Pactual Chile S.A. Corredores de Bolsa |