NuVista Energy Balance Sheet Health
Financial Health criteria checks 4/6
NuVista Energy has a total shareholder equity of CA$2.2B and total debt of CA$212.5M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are CA$3.3B and CA$1.1B respectively. NuVista Energy's EBIT is CA$486.8M making its interest coverage ratio 14.1. It has cash and short-term investments of CA$65.6M.
Key information
9.5%
Debt to equity ratio
CA$212.48m
Debt
| Interest coverage ratio | 14.1x |
| Cash | CA$65.60m |
| Equity | CA$2.23b |
| Total liabilities | CA$1.07b |
| Total assets | CA$3.30b |
Recent financial health updates
We Think NuVista Energy (TSE:NVA) Is Taking Some Risk With Its Debt
Mar 29
Here'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
Investors Holding Back On NuVista Energy Ltd. (TSE:NVA)
Sep 02NuVista Energy Ltd. (TSE:NVA) Doing What It Can To Lift Shares
May 29NuVista Energy Ltd. Just Missed EPS By 45%: Here's What Analysts Think Will Happen Next
May 09We Think NuVista Energy Ltd.'s (TSE:NVA) CEO Compensation Looks Fair
May 01We 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 27Financial Position Analysis
Short Term Liabilities: NVA's short term assets (CA$208.6M) do not cover its short term liabilities (CA$233.0M).
Long Term Liabilities: NVA's short term assets (CA$208.6M) do not cover its long term liabilities (CA$837.8M).
Debt to Equity History and Analysis
Debt Level: NVA's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: NVA's debt to equity ratio has reduced from 39.7% to 9.5% over the past 5 years.
Debt Coverage: NVA's debt is well covered by operating cash flow (322.9%).
Interest Coverage: NVA's interest payments on its debt are well covered by EBIT (14.1x coverage).