Obsidian Energy Balance Sheet Health
Financial Health criteria checks 4/6
Obsidian Energy has a total shareholder equity of CA$1.7B and total debt of CA$342.1M, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are CA$2.4B and CA$697.1M respectively. Obsidian Energy's EBIT is CA$191.9M making its interest coverage ratio 5.7. It has cash and short-term investments of CA$900.0K.
Key information
20.1%
Debt to equity ratio
CA$342.10m
Debt
| Interest coverage ratio | 5.7x |
| Cash | CA$900.00k |
| Equity | CA$1.70b |
| Total liabilities | CA$697.10m |
| Total assets | CA$2.40b |
Recent financial health updates
Recent updates
Cautious Investors Not Rewarding Obsidian Energy Ltd.'s (TSE:OBE) Performance Completely
Apr 27
These 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$112.7M) do not cover its short term liabilities (CA$249.7M).
Long Term Liabilities: OBE's short term assets (CA$112.7M) do not cover its long term liabilities (CA$447.4M).
Debt to Equity History and Analysis
Debt Level: OBE's net debt to equity ratio (20%) is considered satisfactory.
Reducing Debt: OBE's debt to equity ratio has reduced from 28.6% to 20.1% over the past 5 years.
Debt Coverage: OBE's debt is well covered by operating cash flow (106.6%).
Interest Coverage: OBE's interest payments on its debt are well covered by EBIT (5.7x coverage).