Rubellite Energy Balance Sheet Health
Financial Health criteria checks 3/6
Rubellite Energy has a total shareholder equity of CA$195.9M and total debt of CA$37.1M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are CA$267.3M and CA$71.4M respectively. Rubellite Energy's EBIT is CA$18.5M making its interest coverage ratio 7.2. It has cash and short-term investments of CA$7.5M.
Key information
18.9%
Debt to equity ratio
CA$37.08m
Debt
Interest coverage ratio | 7.2x |
Cash | CA$7.46m |
Equity | CA$195.89m |
Total liabilities | CA$71.40m |
Total assets | CA$267.30m |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Rubellite Energy (TSE:RBY) Is Using Debt Extensively
Jun 05We Think That There Are More Issues For Rubellite Energy (TSE:RBY) Than Just Sluggish Earnings
Mar 22Returns Are Gaining Momentum At Rubellite Energy (TSE:RBY)
Sep 12Rubellite Energy's (TSE:RBY) Robust Profit May Be Overstating Its True Earnings Potential
Mar 16Financial Position Analysis
Short Term Liabilities: RBY's short term assets (CA$12.5M) do not cover its short term liabilities (CA$25.8M).
Long Term Liabilities: RBY's short term assets (CA$12.5M) do not cover its long term liabilities (CA$45.6M).
Debt to Equity History and Analysis
Debt Level: RBY's net debt to equity ratio (15.1%) 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 (168.8%).
Interest Coverage: RBY's interest payments on its debt are well covered by EBIT (7.2x coverage).