NuVista Energy Balance Sheet Health
Financial Health criteria checks 5/6
NuVista Energy has a total shareholder equity of CA$2.1B and total debt of CA$179.1M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CA$3.1B and CA$943.0M respectively. NuVista Energy's EBIT is CA$503.8M making its interest coverage ratio 13.8. It has cash and short-term investments of CA$65.6M.
Key information
8.5%
Debt to equity ratio
CA$179.09m
Debt
Interest coverage ratio | 13.8x |
Cash | CA$65.60m |
Equity | CA$2.12b |
Total liabilities | CA$943.02m |
Total assets | CA$3.06b |
Recent financial health updates
We Think NuVista Energy (TSE:NVA) Is Taking Some Risk With Its Debt
Mar 29Here's Why NuVista Energy (TSE:NVA) Can Manage Its Debt Responsibly
Oct 03NuVista Energy (TSE:NVA) Seems To Use Debt Quite Sensibly
Apr 09Recent updates
We Think NuVista Energy (TSE:NVA) Is Taking Some Risk With Its Debt
Mar 29Time To Worry? Analysts Just Downgraded Their NuVista Energy Ltd. (TSE:NVA) Outlook
Jan 14Investors Aren't Buying NuVista Energy Ltd.'s (TSE:NVA) Earnings
Dec 24Here's Why NuVista Energy (TSE:NVA) Can Manage Its Debt Responsibly
Oct 03NuVista Energy (TSE:NVA) Seems To Use Debt Quite Sensibly
Apr 09Does NuVista Energy (TSE:NVA) Deserve A Spot On Your Watchlist?
Mar 25Need To Know: Analysts Are Much More Bullish On NuVista Energy Ltd. (TSE:NVA)
May 14Is There An Opportunity With NuVista Energy Ltd.'s (TSE:NVA) 49% Undervaluation?
Mar 27We Think Shareholders May Want To Consider A Review Of NuVista Energy Ltd.'s (TSE:NVA) CEO Compensation Package
May 05Financial Position Analysis
Short Term Liabilities: NVA's short term assets (CA$199.3M) exceed its short term liabilities (CA$192.3M).
Long Term Liabilities: NVA's short term assets (CA$199.3M) do not cover its long term liabilities (CA$750.7M).
Debt to Equity History and Analysis
Debt Level: NVA's net debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: NVA's debt to equity ratio has reduced from 33.7% to 8.5% over the past 5 years.
Debt Coverage: NVA's debt is well covered by operating cash flow (402.8%).
Interest Coverage: NVA's interest payments on its debt are well covered by EBIT (13.8x coverage).