Gran Tierra Energy Balance Sheet Health
Financial Health criteria checks 1/6
Gran Tierra Energy has a total shareholder equity of $420.9M and total debt of $583.6M, which brings its debt-to-equity ratio to 138.7%. Its total assets and total liabilities are $1.4B and $958.7M respectively. Gran Tierra Energy's EBIT is $175.6M making its interest coverage ratio 2.7. It has cash and short-term investments of $115.3M.
Key information
138.7%
Debt to equity ratio
US$583.60m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$115.33m |
| Equity | US$420.90m |
| Total liabilities | US$958.68m |
| Total assets | US$1.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTE's short term assets ($185.3M) do not cover its short term liabilities ($245.7M).
Long Term Liabilities: GTE's short term assets ($185.3M) do not cover its long term liabilities ($713.0M).
Debt to Equity History and Analysis
Debt Level: GTE's net debt to equity ratio (111.3%) is considered high.
Reducing Debt: GTE's debt to equity ratio has increased from 65.9% to 138.7% over the past 5 years.
Debt Coverage: GTE's debt is well covered by operating cash flow (47.1%).
Interest Coverage: GTE's interest payments on its debt are not well covered by EBIT (2.7x coverage).