Obsidian Energy Balance Sheet Health
Financial Health criteria checks 4/6
Obsidian Energy has a total shareholder equity of CA$1.6B and total debt of CA$220.0M, which brings its debt-to-equity ratio to 13.4%. Its total assets and total liabilities are CA$2.3B and CA$606.6M respectively. Obsidian Energy's EBIT is CA$176.3M making its interest coverage ratio 5.8. It has cash and short-term investments of CA$500.0K.
Key information
13.4%
Debt to equity ratio
CA$220.00m
Debt
Interest coverage ratio | 5.8x |
Cash | CA$500.00k |
Equity | CA$1.64b |
Total liabilities | CA$606.60m |
Total assets | CA$2.25b |
Recent financial health updates
Recent updates
Cautious Investors Not Rewarding Obsidian Energy Ltd.'s (TSE:OBE) Performance Completely
Apr 27These 4 Measures Indicate That Obsidian Energy (TSE:OBE) Is Using Debt Extensively
Feb 18A Piece Of The Puzzle Missing From Obsidian Energy Ltd.'s (TSE:OBE) Share Price
Aug 01Why Obsidian Energy's (TSE:OBE) Earnings Are Weaker Than They Seem
May 12Financial Position Analysis
Short Term Liabilities: OBE's short term assets (CA$94.6M) do not cover its short term liabilities (CA$230.0M).
Long Term Liabilities: OBE's short term assets (CA$94.6M) do not cover its long term liabilities (CA$376.6M).
Debt to Equity History and Analysis
Debt Level: OBE's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: OBE's debt to equity ratio has reduced from 22.5% to 13.4% over the past 5 years.
Debt Coverage: OBE's debt is well covered by operating cash flow (160.3%).
Interest Coverage: OBE's interest payments on its debt are well covered by EBIT (5.8x coverage).