Peyto Exploration & Development Balance Sheet Health
Financial Health criteria checks 4/6
Peyto Exploration & Development has a total shareholder equity of CA$2.7B and total debt of CA$1.4B, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are CA$5.6B and CA$2.9B respectively. Peyto Exploration & Development's EBIT is CA$482.3M making its interest coverage ratio 5.2. It has cash and short-term investments of CA$19.4M.
Key information
49.6%
Debt to equity ratio
CA$1.36b
Debt
| Interest coverage ratio | 5.2x |
| Cash | CA$19.36m |
| Equity | CA$2.74b |
| Total liabilities | CA$2.85b |
| Total assets | CA$5.59b |
Recent financial health updates
Recent updates
Peyto Exploration & Development (TSE:PEY) Will Pay A Dividend Of CA$0.11
Sep 20
Peyto Exploration & Development (TSE:PEY) Is Due To Pay A Dividend Of CA$0.11
Aug 20Peyto Exploration & Development (TSE:PEY) Is Due To Pay A Dividend Of CA$0.11
Jul 23Peyto Exploration & Development (TSE:PEY) Is Due To Pay A Dividend Of CA$0.11
Jun 20Weak Statutory Earnings May Not Tell The Whole Story For Peyto Exploration & Development (TSE:PEY)
Mar 15Peyto Exploration & Development (TSE:PEY) Is Due To Pay A Dividend Of CA$0.11
Feb 19Peyto Exploration & Development (TSE:PEY) Will Pay A Dividend Of CA$0.11
Jan 27An Intrinsic Calculation For Peyto Exploration & Development Corp. (TSE:PEY) Suggests It's 40% Undervalued
Dec 12Here's Why We Think Peyto Exploration & Development (TSE:PEY) Is Well Worth Watching
Oct 05Returns Are Gaining Momentum At Peyto Exploration & Development (TSE:PEY)
Sep 02What Does The Future Hold For Peyto Exploration & Development Corp. (TSE:PEY)? These Analysts Have Been Cutting Their Estimates
Aug 12Peyto Exploration & Development (TSE:PEY) Seems To Use Debt Quite Sensibly
Jul 11Here's Why We Think Peyto Exploration & Development (TSE:PEY) Might Deserve Your Attention Today
Jun 13Returns At Peyto Exploration & Development (TSE:PEY) Are On The Way Up
Mar 23Financial Position Analysis
Short Term Liabilities: PEY's short term assets (CA$423.8M) exceed its short term liabilities (CA$330.0M).
Long Term Liabilities: PEY's short term assets (CA$423.8M) do not cover its long term liabilities (CA$2.5B).
Debt to Equity History and Analysis
Debt Level: PEY's net debt to equity ratio (48.9%) is considered high.
Reducing Debt: PEY's debt to equity ratio has reduced from 65.7% to 49.6% over the past 5 years.
Debt Coverage: PEY's debt is well covered by operating cash flow (48.6%).
Interest Coverage: PEY's interest payments on its debt are well covered by EBIT (5.2x coverage).