Peyto Exploration & Development Balance Sheet Health
Financial Health criteria checks 4/6
Peyto Exploration & Development has a total shareholder equity of CA$2.3B and total debt of CA$848.0M, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are CA$4.1B and CA$1.8B respectively. Peyto Exploration & Development's EBIT is CA$509.6M making its interest coverage ratio 10.6. It has cash and short-term investments of CA$9.3M.
Key information
36.7%
Debt to equity ratio
CA$847.96m
Debt
| Interest coverage ratio | 10.6x |
| Cash | CA$9.32m |
| Equity | CA$2.31b |
| Total liabilities | CA$1.78b |
| Total assets | CA$4.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PEY.R's short term assets (CA$225.6M) do not cover its short term liabilities (CA$235.1M).
Long Term Liabilities: PEY.R's short term assets (CA$225.6M) do not cover its long term liabilities (CA$1.5B).
Debt to Equity History and Analysis
Debt Level: PEY.R's net debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: PEY.R's debt to equity ratio has reduced from 72.4% to 36.7% over the past 5 years.
Debt Coverage: PEY.R's debt is well covered by operating cash flow (87%).
Interest Coverage: PEY.R's interest payments on its debt are well covered by EBIT (10.6x coverage).