Secure Energy Services Balance Sheet Health
Financial Health criteria checks 6/6
Secure Energy Services has a total shareholder equity of CA$1.5B and total debt of CA$294.0M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are CA$2.6B and CA$1.2B respectively. Secure Energy Services's EBIT is CA$337.0M making its interest coverage ratio 4.2. It has cash and short-term investments of CA$264.0M.
Key information
20.0%
Debt to equity ratio
CA$294.00m
Debt
Interest coverage ratio | 4.2x |
Cash | CA$264.00m |
Equity | CA$1.47b |
Total liabilities | CA$1.18b |
Total assets | CA$2.65b |
Recent financial health updates
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 04Would Secure Energy Services (TSE:SES) Be Better Off With Less Debt?
May 17Recent updates
We 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 31Are Investors Undervaluing Secure Energy Services Inc. (TSE:SES) By 36%?
May 11Analysts Just Shipped A Substantial Upgrade To Their Secure Energy Services Inc. (TSE:SES) Estimates
Jul 30Would Secure Energy Services (TSE:SES) Be Better Off With Less Debt?
May 17Financial Position Analysis
Short Term Liabilities: SES's short term assets (CA$1.1B) exceed its short term liabilities (CA$634.0M).
Long Term Liabilities: SES's short term assets (CA$1.1B) exceed its long term liabilities (CA$543.0M).
Debt to Equity History and Analysis
Debt Level: SES's net debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: SES's debt to equity ratio has reduced from 48.4% to 20% over the past 5 years.
Debt Coverage: SES's debt is well covered by operating cash flow (116%).
Interest Coverage: SES's interest payments on its debt are well covered by EBIT (4.2x coverage).