This company has been acquired
Enerplus Balance Sheet Health
Financial Health criteria checks 4/6
Enerplus has a total shareholder equity of $1.2B and total debt of $174.1M, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are $2.0B and $792.5M respectively. Enerplus's EBIT is $485.5M making its interest coverage ratio 28.9. It has cash and short-term investments of $46.4M.
Key information
13.97%
Debt to equity ratio
US$174.10m
Debt
| Interest coverage ratio | 28.9x |
| Cash | US$46.41m |
| Equity | US$1.25b |
| Total liabilities | US$792.45m |
| Total assets | US$2.04b |
Recent financial health updates
These 4 Measures Indicate That Enerplus (TSE:ERF) Is Using Debt Reasonably Well
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Here's Why Enerplus (TSE:ERF) Can Manage Its Debt Responsibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Is Enerplus (TSE:ERF) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is Enerplus (TSE:ERF) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is Enerplus (TSE:ERF) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Recent updates
Financial Position Analysis
Short Term Liabilities: ERF's short term assets ($314.7M) do not cover its short term liabilities ($449.6M).
Long Term Liabilities: ERF's short term assets ($314.7M) do not cover its long term liabilities ($342.9M).
Debt to Equity History and Analysis
Debt Level: ERF's net debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: ERF's debt to equity ratio has reduced from 34.8% to 14% over the past 5 years.
Debt Coverage: ERF's debt is well covered by operating cash flow (474.1%).
Interest Coverage: ERF's interest payments on its debt are well covered by EBIT (28.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/31 12:10 |
| End of Day Share Price | 2024/05/30 00:00 |
| Earnings | 2024/03/31 |
| 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Enerplus Corporation is covered by 21 analysts. 1 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 |
|---|---|
| Patrick O'Rourke | ATB Cormark |
| Grant Hofer | Barclays |
| Gordon Tait | BMO Capital Markets Equity Research |