Enerplus Balance Sheet Health
Financial Health criteria checks 5/6
Enerplus has a total shareholder equity of $1.2B and total debt of $186.0M, which brings its debt-to-equity ratio to 15.2%. Its total assets and total liabilities are $2.1B and $841.1M respectively. Enerplus's EBIT is $580.8M making its interest coverage ratio 33. It has cash and short-term investments of $77.9M.
Key information
15.2%
Debt to equity ratio
US$186.03m
Debt
Interest coverage ratio | 33x |
Cash | US$77.93m |
Equity | US$1.23b |
Total liabilities | US$841.13m |
Total assets | US$2.07b |
Recent financial health updates
Here's Why Enerplus (TSE:ERF) Can Manage Its Debt Responsibly
Jan 04Is Enerplus (TSE:ERF) A Risky Investment?
Sep 22Is Enerplus (TSE:ERF) A Risky Investment?
Jun 09Is Enerplus (TSE:ERF) Using Too Much Debt?
Nov 04Is Enerplus (TSE:ERF) A Risky Investment?
Aug 05Recent updates
Enerplus Corporation's (TSE:ERF) Earnings Are Not Doing Enough For Some Investors
Jan 19Here's Why Enerplus (TSE:ERF) Can Manage Its Debt Responsibly
Jan 04Is There An Opportunity With Enerplus Corporation's (TSE:ERF) 48% Undervaluation?
Nov 25Shareholders Would Enjoy A Repeat Of Enerplus' (TSE:ERF) Recent Growth In Returns
Nov 06Is Enerplus (TSE:ERF) A Risky Investment?
Sep 22Do Enerplus' (TSE:ERF) Earnings Warrant Your Attention?
Aug 09A Look At The Intrinsic Value Of Enerplus Corporation (TSE:ERF)
Jul 25Is Enerplus (TSE:ERF) A Risky Investment?
Jun 09The Compensation For Enerplus Corporation's (TSE:ERF) CEO Looks Deserved And Here's Why
Apr 28We Ran A Stock Scan For Earnings Growth And Enerplus (TSE:ERF) Passed With Ease
Apr 14Estimating The Intrinsic Value Of Enerplus Corporation (TSE:ERF)
Feb 02Is Enerplus (TSE:ERF) Using Too Much Debt?
Nov 04Estimating The Intrinsic Value Of Enerplus Corporation (TSE:ERF)
Oct 12Is Enerplus (TSE:ERF) A Risky Investment?
Aug 05Why We Like The Returns At Enerplus (TSE:ERF)
Jun 24Statutory Profit Doesn't Reflect How Good Enerplus' (TSE:ERF) Earnings Are
May 13The Trend Of High Returns At Enerplus (TSE:ERF) Has Us Very Interested
Mar 17Financial Position Analysis
Short Term Liabilities: ERF's short term assets ($383.3M) do not cover its short term liabilities ($478.4M).
Long Term Liabilities: ERF's short term assets ($383.3M) exceed its long term liabilities ($362.8M).
Debt to Equity History and Analysis
Debt Level: ERF's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: ERF's debt to equity ratio has reduced from 34.8% to 15.2% over the past 5 years.
Debt Coverage: ERF's debt is well covered by operating cash flow (504.3%).
Interest Coverage: ERF's interest payments on its debt are well covered by EBIT (33x coverage).