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 51.5%. Its total assets and total liabilities are CA$5.5B and CA$2.8B respectively. Peyto Exploration & Development's EBIT is CA$456.7M making its interest coverage ratio 8. It has cash and short-term investments of CA$37.2M.
Key information
51.5%
Debt to equity ratio
CA$1.40b
Debt
| Interest coverage ratio | 8x |
| Cash | CA$37.18m |
| Equity | CA$2.71b |
| Total liabilities | CA$2.79b |
| Total assets | CA$5.51b |
Recent financial health updates
Peyto Exploration & Development (TSE:PEY) Seems To Use Debt Quite Sensibly
Jul 11
These 4 Measures Indicate That Peyto Exploration & Development (TSE:PEY) Is Using Debt Reasonably Well
Mar 05Recent updates
Weak 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 23These 4 Measures Indicate That Peyto Exploration & Development (TSE:PEY) Is Using Debt Reasonably Well
Mar 05We Ran A Stock Scan For Earnings Growth And Peyto Exploration & Development (TSE:PEY) Passed With Ease
Feb 15Peyto Exploration & Development (TSE:PEY) Will Pay A Larger Dividend Than Last Year At CA$0.11
Dec 16Returns At Peyto Exploration & Development (TSE:PEY) Are On The Way Up
Dec 12Financial Position Analysis
Short Term Liabilities: PEY's short term assets (CA$490.9M) exceed its short term liabilities (CA$279.9M).
Long Term Liabilities: PEY's short term assets (CA$490.9M) 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 (50.2%) is considered high.
Reducing Debt: PEY's debt to equity ratio has reduced from 69.6% to 51.5% over the past 5 years.
Debt Coverage: PEY's debt is well covered by operating cash flow (46.1%).
Interest Coverage: PEY's interest payments on its debt are well covered by EBIT (8x coverage).