STEP Energy Services Balance Sheet Health
Financial Health criteria checks 6/6
STEP Energy Services has a total shareholder equity of CA$402.5M and total debt of CA$61.5M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are CA$665.4M and CA$262.9M respectively. STEP Energy Services's EBIT is CA$83.7M making its interest coverage ratio 7.3. It has cash and short-term investments of CA$1.5M.
Key information
15.3%
Debt to equity ratio
CA$61.48m
Debt
| Interest coverage ratio | 7.3x |
| Cash | CA$1.48m |
| Equity | CA$402.46m |
| Total liabilities | CA$262.91m |
| Total assets | CA$665.36m |
Recent financial health updates
Is STEP Energy Services (TSE:STEP) Using Too Much Debt?
Dec 13
Is STEP Energy Services (TSE:STEP) A Risky Investment?
Apr 17These 4 Measures Indicate That STEP Energy Services (TSE:STEP) Is Using Debt Extensively
Aug 01Is STEP Energy Services (TSE:STEP) A Risky Investment?
Sep 28Is STEP Energy Services (TSE:STEP) Using Debt In A Risky Way?
May 17Recent updates
Improved Earnings Required Before STEP Energy Services Ltd. (TSE:STEP) Shares Find Their Feet
Jul 19STEP Energy Services Ltd. (TSE:STEP) Shares Could Be 42% Below Their Intrinsic Value Estimate
Jun 11Returns Are Gaining Momentum At STEP Energy Services (TSE:STEP)
Apr 07Sentiment Still Eluding STEP Energy Services Ltd. (TSE:STEP)
Mar 15Earnings Miss: STEP Energy Services Ltd. Missed EPS By 14% And Analysts Are Revising Their Forecasts
Mar 15Is STEP Energy Services (TSE:STEP) Using Too Much Debt?
Dec 13STEP Energy Services (TSE:STEP) Is Very Good At Capital Allocation
Sep 02Return Trends At STEP Energy Services (TSE:STEP) Aren't Appealing
May 30Is STEP Energy Services (TSE:STEP) A Risky Investment?
Apr 17STEP Energy Services (TSE:STEP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 09These 4 Measures Indicate That STEP Energy Services (TSE:STEP) Is Using Debt Extensively
Aug 01New Forecasts: Here's What Analysts Think The Future Holds For STEP Energy Services Ltd. (TSE:STEP)
May 21Is STEP Energy Services (TSE:STEP) A Risky Investment?
Sep 28Is STEP Energy Services (TSE:STEP) Using Debt In A Risky Way?
May 17Financial Position Analysis
Short Term Liabilities: STEP's short term assets (CA$215.7M) exceed its short term liabilities (CA$155.0M).
Long Term Liabilities: STEP's short term assets (CA$215.7M) exceed its long term liabilities (CA$107.9M).
Debt to Equity History and Analysis
Debt Level: STEP's net debt to equity ratio (14.9%) is considered satisfactory.
Reducing Debt: STEP's debt to equity ratio has reduced from 73% to 15.3% over the past 5 years.
Debt Coverage: STEP's debt is well covered by operating cash flow (250.8%).
Interest Coverage: STEP's interest payments on its debt are well covered by EBIT (7.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 07:28 |
| End of Day Share Price | 2024/12/30 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
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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
STEP Energy Services Ltd. is covered by 15 analysts. 7 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 |
|---|---|
| Jim Byrne | Acumen Capital Finance Partners Limited |
| Waqar Syed | ATB Capital Markets |
| Tim Monachello | ATB Capital Markets |