SECURE Waste Infrastructure Balance Sheet Health
Financial Health criteria checks 5/6
SECURE Waste Infrastructure 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 Waste Infrastructure'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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 16:38 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
SECURE Waste Infrastructure Corp. is covered by 20 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathan Heywood | ATB Capital Markets |
| John Gibson | BMO Capital Markets Equity Research |
| Anthony Petrucci | Canaccord Genuity |