Essential Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
Essential Energy Services has a total shareholder equity of CA$111.9M and total debt of CA$6.3M, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are CA$146.6M and CA$34.7M respectively.
Key information
5.6%
Debt to equity ratio
CA$6.25m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.15m |
| Equity | CA$111.88m |
| Total liabilities | CA$34.68m |
| Total assets | CA$146.56m |
Recent financial health updates
Recent updates
Essential Energy Services (TSE:ESN) Is Carrying A Fair Bit Of Debt
Sep 16
Essential Energy Services Ltd. (TSE:ESN) Might Not Be As Mispriced As It Looks
Aug 09Essential Energy Services' (TSE:ESN) Returns On Capital Are Heading Higher
May 11Is Essential Energy Services Ltd. (TSE:ESN) Trading At A 43% Discount?
Feb 04Estimating The Intrinsic Value Of Essential Energy Services Ltd. (TSE:ESN)
Aug 25Should Shareholders Reconsider Essential Energy Services Ltd.'s (TSE:ESN) CEO Compensation Package?
May 11Financial Position Analysis
Short Term Liabilities: ESN's short term assets (CA$65.7M) exceed its short term liabilities (CA$19.2M).
Long Term Liabilities: ESN's short term assets (CA$65.7M) exceed its long term liabilities (CA$15.5M).
Debt to Equity History and Analysis
Debt Level: ESN's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: ESN's debt to equity ratio has reduced from 11.7% to 5.6% over the past 5 years.
Debt Coverage: ESN's debt is well covered by operating cash flow (214.9%).
Interest Coverage: Insufficient data to determine if ESN's interest payments on its debt are well covered by EBIT.