Rubellite Energy Balance Sheet Health
Financial Health criteria checks 3/6
Rubellite Energy has a total shareholder equity of CA$199.3M and total debt of CA$29.3M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are CA$271.2M and CA$71.8M respectively. Rubellite Energy's EBIT is CA$25.4M making its interest coverage ratio 13.2. It has cash and short-term investments of CA$7.5M.
Key information
14.7%
Debt to equity ratio
CA$29.32m
Debt
| Interest coverage ratio | 13.2x |
| Cash | CA$7.46m |
| Equity | CA$199.31m |
| Total liabilities | CA$71.84m |
| Total assets | CA$271.15m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: RBY's short term assets (CA$21.1M) do not cover its short term liabilities (CA$34.0M).
Long Term Liabilities: RBY's short term assets (CA$21.1M) do not cover its long term liabilities (CA$37.8M).
Debt to Equity History and Analysis
Debt Level: RBY's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RBY's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RBY's debt is well covered by operating cash flow (188.9%).
Interest Coverage: RBY's interest payments on its debt are well covered by EBIT (13.2x coverage).