Saturn Oil & Gas Balance Sheet Health
Financial Health criteria checks 2/6
Saturn Oil & Gas has a total shareholder equity of CA$595.7M and total debt of CA$376.8M, which brings its debt-to-equity ratio to 63.3%. Its total assets and total liabilities are CA$1.3B and CA$731.0M respectively. Saturn Oil & Gas's EBIT is CA$119.6M making its interest coverage ratio 1.3. It has cash and short-term investments of CA$33.2M.
Key information
63.3%
Debt to equity ratio
CA$376.85m
Debt
| Interest coverage ratio | 1.3x |
| Cash | CA$33.15m |
| Equity | CA$595.74m |
| Total liabilities | CA$730.99m |
| Total assets | CA$1.33b |
Recent financial health updates
Recent updates
Investors Continue Waiting On Sidelines For Saturn Oil & Gas Inc. (TSE:SOIL)
Apr 10
Saturn Oil & Gas' (CVE:SOIL) Robust Earnings Are Not All Good News For Shareholders
Nov 16New Forecasts: Here's What Analysts Think The Future Holds For Saturn Oil & Gas Inc. (CVE:SOIL)
Apr 13Here’s What’s Happening With Returns At Saturn Oil & Gas (CVE:SOIL)
Feb 23Does Saturn Oil & Gas (CVE:SOIL) Have A Healthy Balance Sheet?
Dec 30How Much Did Saturn Oil & Gas' (CVE:SOIL) CEO Pocket Last Year?
Nov 25
Financial Position Analysis
Short Term Liabilities: SOIL's short term assets (CA$133.7M) do not cover its short term liabilities (CA$336.0M).
Long Term Liabilities: SOIL's short term assets (CA$133.7M) do not cover its long term liabilities (CA$395.0M).
Debt to Equity History and Analysis
Debt Level: SOIL's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: SOIL's debt to equity ratio has reduced from 179.1% to 63.3% over the past 5 years.
Debt Coverage: SOIL's debt is well covered by operating cash flow (81.6%).
Interest Coverage: SOIL's interest payments on its debt are not well covered by EBIT (1.3x coverage).