Ensign Energy Services Balance Sheet Health
Financial Health criteria checks 3/6
Ensign Energy Services has a total shareholder equity of CA$1.3B and total debt of CA$1.2B, which brings its debt-to-equity ratio to 91.5%. Its total assets and total liabilities are CA$3.0B and CA$1.7B respectively. Ensign Energy Services's EBIT is CA$158.2M making its interest coverage ratio 1.3. It has cash and short-term investments of CA$39.1M.
Key information
91.5%
Debt to equity ratio
CA$1.22b
Debt
| Interest coverage ratio | 1.3x |
| Cash | CA$39.11m |
| Equity | CA$1.33b |
| Total liabilities | CA$1.65b |
| Total assets | CA$2.98b |
Recent financial health updates
Is Ensign Energy Services (TSE:ESI) Using Too Much Debt?
Dec 15
We Think Ensign Energy Services (TSE:ESI) Is Taking Some Risk With Its Debt
Sep 01Ensign Energy Services (TSE:ESI) Has A Somewhat Strained Balance Sheet
May 03Is Ensign Energy Services (TSE:ESI) Using Too Much Debt?
May 18Does Ensign Energy Services (TSE:ESI) Have A Healthy Balance Sheet?
Jan 09Is Ensign Energy Services (TSE:ESI) Using Too Much Debt?
Sep 25Recent updates
It Looks Like Shareholders Would Probably Approve Ensign Energy Services Inc.'s (TSE:ESI) CEO Compensation Package
Apr 27Does Ensign Energy Services (TSE:ESI) Deserve A Spot On Your Watchlist?
Apr 18The Return Trends At Ensign Energy Services (TSE:ESI) Look Promising
Mar 03Sentiment Still Eluding Ensign Energy Services Inc. (TSE:ESI)
Jan 27Is Ensign Energy Services (TSE:ESI) Using Too Much Debt?
Dec 15Ensign Energy Services' (TSE:ESI) Returns On Capital Are Heading Higher
Oct 05We Think Ensign Energy Services (TSE:ESI) Is Taking Some Risk With Its Debt
Sep 01Ensign Energy Services' (TSE:ESI) Returns On Capital Are Heading Higher
Jun 24Ensign Energy Services (TSE:ESI) Has A Somewhat Strained Balance Sheet
May 03Ensign Energy Services (TSE:ESI) Is Doing The Right Things To Multiply Its Share Price
Dec 07Is Ensign Energy Services (TSE:ESI) Using Too Much Debt?
May 18Does Ensign Energy Services (TSE:ESI) Have A Healthy Balance Sheet?
Jan 09Is Ensign Energy Services (TSE:ESI) Using Too Much Debt?
Sep 25Is Ensign Energy Services (TSE:ESI) Using Too Much Debt?
May 28We Discuss Why Ensign Energy Services Inc.'s (TSE:ESI) CEO Compensation May Be Closely Reviewed
May 01Are Insiders Buying Ensign Energy Services Inc. (TSE:ESI) Stock?
Mar 14Is Ensign Energy Services (TSE:ESI) A Risky Investment?
Feb 15Ensign Energy Services' (TSE:ESI) Shareholders Are Down 84% On Their Shares
Jan 20
What You Need To Know About Ensign Energy Services Inc.'s (TSE:ESI) Investor Composition
Dec 25What Can We Conclude About Ensign Energy Services' (TSE:ESI) CEO Pay?
Dec 04Financial Position Analysis
Short Term Liabilities: ESI's short term assets (CA$414.2M) exceed its short term liabilities (CA$374.8M).
Long Term Liabilities: ESI's short term assets (CA$414.2M) do not cover its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: ESI's net debt to equity ratio (88.6%) is considered high.
Reducing Debt: ESI's debt to equity ratio has reduced from 107.6% to 91.5% over the past 5 years.
Debt Coverage: ESI's debt is well covered by operating cash flow (39.6%).
Interest Coverage: ESI's interest payments on its debt are not well covered by EBIT (1.3x coverage).