Pine Cliff Energy Balance Sheet Health
Financial Health criteria checks 3/6
Pine Cliff Energy has a total shareholder equity of CA$99.9M and total debt of CA$59.0M, which brings its debt-to-equity ratio to 59.1%. Its total assets and total liabilities are CA$477.1M and CA$377.1M respectively. Pine Cliff Energy's EBIT is CA$1.1M making its interest coverage ratio -0.8. It has cash and short-term investments of CA$208.0K.
Key information
59.1%
Debt to equity ratio
CA$59.03m
Debt
| Interest coverage ratio | -0.8x |
| Cash | CA$208.00k |
| Equity | CA$99.93m |
| Total liabilities | CA$377.14m |
| Total assets | CA$477.07m |
Recent financial health updates
Recent updates
Why Pine Cliff Energy's (TSE:PNE) Soft Earnings Are Just The Beginning Of Its Problems
Mar 13
Pine Cliff Energy (TSE:PNE) Has Announced A Dividend Of CA$0.0108
Jan 06Pine Cliff Energy (TSE:PNE) Has Affirmed Its Dividend Of CA$0.0108
Nov 06Pine Cliff Energy (TSE:PNE) Has Announced A Dividend Of CA$0.0108
Oct 07Pine Cliff Energy (TSE:PNE) Is Paying Out A Dividend Of CA$0.0108
Sep 10Pine Cliff Energy (TSE:PNE) Has Affirmed Its Dividend Of CA$0.0108
Aug 07Pine Cliff Energy (TSE:PNE) Is Due To Pay A Dividend Of CA$0.0108
Jun 06We Think Pine Cliff Energy (TSE:PNE) Can Stay On Top Of Its Debt
Jul 20Pine Cliff Energy's (TSE:PNE) Earnings Aren't As Good As They Appear
Mar 15Financial Position Analysis
Short Term Liabilities: PNE's short term assets (CA$31.2M) do not cover its short term liabilities (CA$64.5M).
Long Term Liabilities: PNE's short term assets (CA$31.2M) do not cover its long term liabilities (CA$312.6M).
Debt to Equity History and Analysis
Debt Level: PNE's net debt to equity ratio (58.9%) is considered high.
Reducing Debt: PNE's debt to equity ratio has reduced from 98.9% to 59.1% over the past 5 years.
Debt Coverage: PNE's debt is well covered by operating cash flow (112.9%).
Interest Coverage: PNE earns more interest than it pays, so coverage of interest payments is not a concern.