Gear Energy Balance Sheet Health
Financial Health criteria checks 5/6
Gear Energy has a total shareholder equity of CA$235.8M and total debt of CA$22.2M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are CA$338.2M and CA$102.4M respectively.
Key information
9.4%
Debt to equity ratio
CA$22.17m
Debt
| Interest coverage ratio | 12x |
| Cash | n/a |
| Equity | CA$235.75m |
| Total liabilities | CA$102.42m |
| Total assets | CA$338.17m |
Recent financial health updates
No updates
Recent updates
Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005
May 10
Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005
Apr 05Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005
Mar 08Gear Energy (TSE:GXE) Will Pay A Dividend Of CA$0.005
Jan 05Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005
Dec 13Gear Energy (TSE:GXE) Is Due To Pay A Dividend Of CA$0.005
Nov 12Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005
Oct 07Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005
Sep 08Should You Be Adding Gear Energy (TSE:GXE) To Your Watchlist Today?
Dec 20Do Gear Energy's (TSE:GXE) Earnings Warrant Your Attention?
Jun 17Financial Position Analysis
Short Term Liabilities: GXE's short term assets (CA$25.5M) exceed its short term liabilities (CA$23.2M).
Long Term Liabilities: GXE's short term assets (CA$25.5M) do not cover its long term liabilities (CA$79.3M).
Debt to Equity History and Analysis
Debt Level: GXE's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: GXE's debt to equity ratio has reduced from 50.9% to 9.4% over the past 5 years.
Debt Coverage: GXE's debt is well covered by operating cash flow (266.7%).
Interest Coverage: GXE's interest payments on its debt are well covered by EBIT (12x coverage).