Secure Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
Secure Energy Services has a total shareholder equity of CA$1.1B and total debt of CA$385.0M, which brings its debt-to-equity ratio to 36.6%. Its total assets and total liabilities are CA$2.2B and CA$1.1B respectively. Secure Energy Services's EBIT is CA$313.0M making its interest coverage ratio 5.4. It has cash and short-term investments of CA$19.0M.
Key information
36.6%
Debt to equity ratio
CA$385.00m
Debt
| Interest coverage ratio | 5.4x |
| Cash | CA$19.00m |
| Equity | CA$1.05b |
| Total liabilities | CA$1.13b |
| Total assets | CA$2.19b |
Recent financial health updates
Is Secure Energy Services (TSE:SES) Using Too Much Debt?
Jul 25
Here's Why Secure Energy Services (TSE:SES) Can Manage Its Debt Responsibly
Nov 30Secure Energy Services (TSE:SES) Has A Pretty Healthy Balance Sheet
Aug 27Is Secure Energy Services (TSE:SES) A Risky Investment?
Jan 04Recent updates
We Think Shareholders Should Be Aware Of Some Factors Beyond Secure Energy Services' (TSE:SES) Profit
Nov 06Improved Earnings Required Before Secure Energy Services Inc. (TSE:SES) Stock's 31% Jump Looks Justified
Nov 02Secure Energy Services (TSE:SES) Is Paying Out A Dividend Of CA$0.10
Sep 23Is Secure Energy Services (TSE:SES) Using Too Much Debt?
Jul 25Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10
Jun 21We Believe Secure Energy Services' (TSE:SES) Earnings Are A Poor Guide For Its Profitability
May 03A Look At The Fair Value Of Secure Energy Services Inc. (TSE:SES)
Apr 07Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10
Mar 21There's Reason For Concern Over Secure Energy Services Inc.'s (TSE:SES) Price
Feb 12Calculating The Intrinsic Value Of Secure Energy Services Inc. (TSE:SES)
Jan 05Secure Energy Services Inc. (TSE:SES) Analysts Just Trimmed Their Revenue Forecasts By 13%
Dec 12Here's Why Secure Energy Services (TSE:SES) Can Manage Its Debt Responsibly
Nov 30Investor Optimism Abounds Secure Energy Services Inc. (TSE:SES) But Growth Is Lacking
Oct 30Secure Energy Services (TSE:SES) Has A Pretty Healthy Balance Sheet
Aug 27Is Secure Energy Services Inc. (TSE:SES) Trading At A 40% Discount?
Jun 08The Return Trends At Secure Energy Services (TSE:SES) Look Promising
Mar 20Secure Energy Services Inc. (TSE:SES) Shares Could Be 46% Below Their Intrinsic Value Estimate
Feb 03Is Secure Energy Services (TSE:SES) A Risky Investment?
Jan 04Secure Energy Services Inc.'s (TSE:SES) Intrinsic Value Is Potentially 59% Above Its Share Price
Aug 31Financial Position Analysis
Short Term Liabilities: SES's short term assets (CA$585.0M) exceed its short term liabilities (CA$517.0M).
Long Term Liabilities: SES's short term assets (CA$585.0M) do not cover its long term liabilities (CA$616.0M).
Debt to Equity History and Analysis
Debt Level: SES's net debt to equity ratio (34.8%) is considered satisfactory.
Reducing Debt: SES's debt to equity ratio has reduced from 54% to 36.6% over the past 5 years.
Debt Coverage: SES's debt is well covered by operating cash flow (98.4%).
Interest Coverage: SES's interest payments on its debt are well covered by EBIT (5.4x coverage).