Petrus Resources Balance Sheet Health
Financial Health criteria checks 4/6
Petrus Resources has a total shareholder equity of CA$315.2M and total debt of CA$49.4M, which brings its debt-to-equity ratio to 15.7%. Its total assets and total liabilities are CA$437.8M and CA$122.7M respectively. Petrus Resources's EBIT is CA$35.9M making its interest coverage ratio 7.8. It has cash and short-term investments of CA$2.4M.
Key information
15.7%
Debt to equity ratio
CA$49.38m
Debt
Interest coverage ratio | 7.8x |
Cash | CA$2.37m |
Equity | CA$315.16m |
Total liabilities | CA$122.68m |
Total assets | CA$437.84m |
Recent financial health updates
Petrus Resources (TSE:PRQ) Takes On Some Risk With Its Use Of Debt
Dec 09Petrus Resources (TSE:PRQ) Has A Pretty Healthy Balance Sheet
Apr 27Does Petrus Resources (TSE:PRQ) Have A Healthy Balance Sheet?
Feb 20Is Petrus Resources (TSE:PRQ) Using Debt In A Risky Way?
Jul 20Is Petrus Resources (TSE:PRQ) A Risky Investment?
Mar 09Recent updates
We Think That There Are More Issues For Petrus Resources (TSE:PRQ) Than Just Sluggish Earnings
Apr 04Petrus Resources (TSE:PRQ) Takes On Some Risk With Its Use Of Debt
Dec 09Investors Don't See Light At End Of Petrus Resources Ltd.'s (TSE:PRQ) Tunnel
Jun 13Petrus Resources (TSE:PRQ) Has A Pretty Healthy Balance Sheet
Apr 27We Believe Petrus Resources' (TSE:PRQ) Earnings Are A Poor Guide For Its Profitability
Mar 10Does Petrus Resources (TSE:PRQ) Have A Healthy Balance Sheet?
Feb 20Is Petrus Resources (TSE:PRQ) Using Debt In A Risky Way?
Jul 20Is Petrus Resources (TSE:PRQ) A Risky Investment?
Mar 09Key Things To Understand About Petrus Resources' (TSE:PRQ) CEO Pay Cheque
Nov 24Financial Position Analysis
Short Term Liabilities: PRQ's short term assets (CA$30.8M) do not cover its short term liabilities (CA$61.8M).
Long Term Liabilities: PRQ's short term assets (CA$30.8M) do not cover its long term liabilities (CA$60.9M).
Debt to Equity History and Analysis
Debt Level: PRQ's net debt to equity ratio (14.9%) is considered satisfactory.
Reducing Debt: PRQ's debt to equity ratio has reduced from 89% to 15.7% over the past 5 years.
Debt Coverage: PRQ's debt is well covered by operating cash flow (150.6%).
Interest Coverage: PRQ's interest payments on its debt are well covered by EBIT (7.8x coverage).