Petrus Resources Balance Sheet Health

Financial Health criteria checks 4/6

Petrus Resources has a total shareholder equity of CA$309.9M and total debt of CA$60.3M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are CA$421.2M and CA$111.3M respectively. Petrus Resources's EBIT is CA$30.0M making its interest coverage ratio 5.1. It has cash and short-term investments of CA$2.0M.

Key information

19.4%

Debt to equity ratio

CA$60.25m

Debt

Interest coverage ratio5.1x
CashCA$2.03m
EquityCA$309.87m
Total liabilitiesCA$111.33m
Total assetsCA$421.20m

Recent financial health updates

Recent updates

We Think You Should Be Aware Of Some Concerning Factors In Petrus Resources' (TSE:PRQ) Earnings

Nov 13
We Think You Should Be Aware Of Some Concerning Factors In Petrus Resources' (TSE:PRQ) Earnings

We Think That There Are More Issues For Petrus Resources (TSE:PRQ) Than Just Sluggish Earnings

Apr 04
We Think That There Are More Issues For Petrus Resources (TSE:PRQ) Than Just Sluggish Earnings

Petrus Resources (TSE:PRQ) Takes On Some Risk With Its Use Of Debt

Dec 09
Petrus Resources (TSE:PRQ) Takes On Some Risk With Its Use Of Debt

Investors Don't See Light At End Of Petrus Resources Ltd.'s (TSE:PRQ) Tunnel

Jun 13
Investors Don't See Light At End Of Petrus Resources Ltd.'s (TSE:PRQ) Tunnel

Petrus Resources (TSE:PRQ) Has A Pretty Healthy Balance Sheet

Apr 27
Petrus Resources (TSE:PRQ) Has A Pretty Healthy Balance Sheet

We Believe Petrus Resources' (TSE:PRQ) Earnings Are A Poor Guide For Its Profitability

Mar 10
We Believe Petrus Resources' (TSE:PRQ) Earnings Are A Poor Guide For Its Profitability

Does Petrus Resources (TSE:PRQ) Have A Healthy Balance Sheet?

Feb 20
Does Petrus Resources (TSE:PRQ) Have A Healthy Balance Sheet?

Is Petrus Resources (TSE:PRQ) Using Debt In A Risky Way?

Jul 20
Is Petrus Resources (TSE:PRQ) Using Debt In A Risky Way?

Is Petrus Resources (TSE:PRQ) A Risky Investment?

Mar 09
Is Petrus Resources (TSE:PRQ) A Risky Investment?

Financial Position Analysis

Short Term Liabilities: PRQ's short term assets (CA$20.3M) do not cover its short term liabilities (CA$48.5M).

Long Term Liabilities: PRQ's short term assets (CA$20.3M) do not cover its long term liabilities (CA$62.9M).


Debt to Equity History and Analysis

Debt Level: PRQ's net debt to equity ratio (18.8%) is considered satisfactory.

Reducing Debt: PRQ's debt to equity ratio has reduced from 113.5% to 19.4% over the past 5 years.

Debt Coverage: PRQ's debt is well covered by operating cash flow (115.3%).

Interest Coverage: PRQ's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


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