Kelt Exploration Balance Sheet Health
Financial Health criteria checks 4/6
Kelt Exploration has a total shareholder equity of CA$1.0B and total debt of CA$12.6M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CA$1.3B and CA$294.9M respectively. Kelt Exploration's EBIT is CA$94.5M making its interest coverage ratio 20.1. It has cash and short-term investments of CA$511.0K.
Key information
1.2%
Debt to equity ratio
CA$12.61m
Debt
| Interest coverage ratio | 20.1x |
| Cash | CA$511.00k |
| Equity | CA$1.03b |
| Total liabilities | CA$294.94m |
| Total assets | CA$1.33b |
Recent financial health updates
Recent updates
Kelt Exploration (TSE:KEL) Has A Somewhat Strained Balance Sheet
Sep 05
Is There An Opportunity With Kelt Exploration Ltd.'s (TSE:KEL) 47% Undervaluation?
Jun 01An Intrinsic Calculation For Kelt Exploration Ltd. (TSE:KEL) Suggests It's 37% Undervalued
Feb 17Investors Will Want Kelt Exploration's (TSE:KEL) Growth In ROCE To Persist
Dec 20We Like These Underlying Return On Capital Trends At Kelt Exploration (TSE:KEL)
Sep 15Here's Why We Think Kelt Exploration (TSE:KEL) Might Deserve Your Attention Today
Mar 16Investors Should Be Encouraged By Kelt Exploration's (TSE:KEL) Returns On Capital
Dec 09Analysts Are More Bearish On Kelt Exploration Ltd. (TSE:KEL) Than They Used To Be
Nov 14Is Now The Time To Put Kelt Exploration (TSE:KEL) On Your Watchlist?
Sep 15An Intrinsic Calculation For Kelt Exploration Ltd. (TSE:KEL) Suggests It's 49% Undervalued
Jun 01Kelt Exploration (TSE:KEL) Is Experiencing Growth In Returns On Capital
May 11Brokers Are Upgrading Their Views On Kelt Exploration Ltd. (TSE:KEL) With These New Forecasts
Mar 18CA$3.79 - That's What Analysts Think Kelt Exploration Ltd. (TSE:KEL) Is Worth After These Results
Mar 13Financial Position Analysis
Short Term Liabilities: KEL's short term assets (CA$54.0M) do not cover its short term liabilities (CA$107.0M).
Long Term Liabilities: KEL's short term assets (CA$54.0M) do not cover its long term liabilities (CA$188.0M).
Debt to Equity History and Analysis
Debt Level: KEL's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: KEL's debt to equity ratio has reduced from 36.5% to 1.2% over the past 5 years.
Debt Coverage: KEL's debt is well covered by operating cash flow (1774.7%).
Interest Coverage: KEL's interest payments on its debt are well covered by EBIT (20.1x coverage).