High Arctic Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
High Arctic Energy Services has a total shareholder equity of CA$23.1M and total debt of CA$3.4M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are CA$33.0M and CA$9.9M respectively. High Arctic Energy Services's EBIT is CA$2.8M making its interest coverage ratio -2. It has cash and short-term investments of CA$4.1M.
Key information
14.7%
Debt to equity ratio
CA$3.40m
Debt
| Interest coverage ratio | -2x |
| Cash | CA$4.11m |
| Equity | CA$23.08m |
| Total liabilities | CA$9.89m |
| Total assets | CA$32.98m |
Recent financial health updates
These 4 Measures Indicate That High Arctic Energy Services (TSE:HWO) Is Using Debt Safely
May 22
High Arctic Energy Services (TSE:HWO) Is In A Good Position To Deliver On Growth Plans
Dec 02Is High Arctic Energy Services (TSE:HWO) Using Debt Sensibly?
Mar 07Recent updates
Investors Give High Arctic Energy Services Inc (TSE:HWO) Shares A 45% Hiding
Jul 19These 4 Measures Indicate That High Arctic Energy Services (TSE:HWO) Is Using Debt Safely
May 22Investors Still Waiting For A Pull Back In High Arctic Energy Services Inc (TSE:HWO)
Apr 09High Arctic Energy Services' (TSE:HWO) Dividend Will Be CA$0.005
Aug 29High Arctic Energy Services (TSE:HWO) Has Announced A Dividend Of CA$0.005
Jul 27High Arctic Energy Services (TSE:HWO) Has Announced A Dividend Of CA$0.005
Jun 27High Arctic Energy Services (TSE:HWO) Is Due To Pay A Dividend Of CA$0.005
May 25High Arctic Energy Services (TSE:HWO) Is In A Good Position To Deliver On Growth Plans
Dec 02Calculating The Fair Value Of High Arctic Energy Services Inc (TSE:HWO)
Sep 29Is High Arctic Energy Services (TSE:HWO) Using Debt Sensibly?
Mar 07High Arctic Energy Services' (TSE:HWO) Shareholders Are Down 68% On Their Shares
Jan 11
Financial Position Analysis
Short Term Liabilities: HWO's short term assets (CA$8.4M) exceed its short term liabilities (CA$3.4M).
Long Term Liabilities: HWO's short term assets (CA$8.4M) exceed its long term liabilities (CA$6.5M).
Debt to Equity History and Analysis
Debt Level: HWO has more cash than its total debt.
Reducing Debt: HWO's debt to equity ratio has increased from 0% to 14.7% over the past 5 years.
Debt Coverage: HWO's debt is well covered by operating cash flow (634.1%).
Interest Coverage: HWO earns more interest than it pays, so coverage of interest payments is not a concern.