Surge Energy Balance Sheet Health
Financial Health criteria checks 3/6
Surge Energy has a total shareholder equity of CA$844.0M and total debt of CA$259.4M, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are CA$1.5B and CA$636.8M respectively.
Key information
30.7%
Debt to equity ratio
CA$259.38m
Debt
| Interest coverage ratio | 1.5x |
| Cash | n/a |
| Equity | CA$843.98m |
| Total liabilities | CA$636.79m |
| Total assets | CA$1.48b |
Recent financial health updates
No updates
Recent updates
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04
Mar 18
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04
Feb 19Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04
Jan 19Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04
Nov 18Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04
Oct 19Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04
Sep 19Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04
Aug 18Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04
Jul 20Industry Analysts Just Made A Meaningful Upgrade To Their Surge Energy Inc. (TSE:SGY) Revenue Forecasts
Nov 23Financial Position Analysis
Short Term Liabilities: SGY's short term assets (CA$63.4M) do not cover its short term liabilities (CA$122.1M).
Long Term Liabilities: SGY's short term assets (CA$63.4M) do not cover its long term liabilities (CA$514.7M).
Debt to Equity History and Analysis
Debt Level: SGY's net debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: SGY's debt to equity ratio has reduced from 53.5% to 30.7% over the past 5 years.
Debt Coverage: SGY's debt is well covered by operating cash flow (102.6%).
Interest Coverage: SGY's interest payments on its debt are not well covered by EBIT (1.5x coverage).