STEP Energy Services Ltd.

TSX:STEP Stock Report

Market Cap: CA$255.8m

STEP Energy Services Balance Sheet Health

Financial Health criteria checks 6/6

STEP Energy Services has a total shareholder equity of CA$355.5M and total debt of CA$87.9M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are CA$606.5M and CA$251.0M respectively. STEP Energy Services's EBIT is CA$77.8M making its interest coverage ratio 7. It has cash and short-term investments of CA$1.8M.

Key information

24.7%

Debt to equity ratio

CA$87.95m

Debt

Interest coverage ratio7x
CashCA$1.79m
EquityCA$355.55m
Total liabilitiesCA$250.97m
Total assetsCA$606.52m

Recent financial health updates

Recent updates

Sentiment Still Eluding STEP Energy Services Ltd. (TSE:STEP)

Mar 15
Sentiment Still Eluding STEP Energy Services Ltd. (TSE:STEP)

Earnings Miss: STEP Energy Services Ltd. Missed EPS By 14% And Analysts Are Revising Their Forecasts

Mar 15
Earnings Miss: STEP Energy Services Ltd. Missed EPS By 14% And Analysts Are Revising Their Forecasts

Is STEP Energy Services (TSE:STEP) Using Too Much Debt?

Dec 13
Is STEP Energy Services (TSE:STEP) Using Too Much Debt?

STEP Energy Services (TSE:STEP) Is Very Good At Capital Allocation

Sep 02
STEP Energy Services (TSE:STEP) Is Very Good At Capital Allocation

Return Trends At STEP Energy Services (TSE:STEP) Aren't Appealing

May 30
Return Trends At STEP Energy Services (TSE:STEP) Aren't Appealing

Is STEP Energy Services (TSE:STEP) A Risky Investment?

Apr 17
Is STEP Energy Services (TSE:STEP) A Risky Investment?

STEP Energy Services (TSE:STEP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Nov 09
STEP Energy Services (TSE:STEP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

These 4 Measures Indicate That STEP Energy Services (TSE:STEP) Is Using Debt Extensively

Aug 01
These 4 Measures Indicate That STEP Energy Services (TSE:STEP) Is Using Debt Extensively

New Forecasts: Here's What Analysts Think The Future Holds For STEP Energy Services Ltd. (TSE:STEP)

May 21
New Forecasts: Here's What Analysts Think The Future Holds For STEP Energy Services Ltd. (TSE:STEP)

Is STEP Energy Services (TSE:STEP) A Risky Investment?

Sep 28
Is STEP Energy Services (TSE:STEP) A Risky Investment?

Is STEP Energy Services (TSE:STEP) Using Debt In A Risky Way?

May 17
Is STEP Energy Services (TSE:STEP) Using Debt In A Risky Way?

Breakeven On The Horizon For STEP Energy Services Ltd. (TSE:STEP)

Mar 23
Breakeven On The Horizon For STEP Energy Services Ltd. (TSE:STEP)

Calculating The Intrinsic Value Of STEP Energy Services Ltd. (TSE:STEP)

Feb 18
Calculating The Intrinsic Value Of STEP Energy Services Ltd. (TSE:STEP)

Need To Know: Analysts Are Much More Bullish On STEP Energy Services Ltd. (TSE:STEP)

Jan 13
Need To Know: Analysts Are Much More Bullish On STEP Energy Services Ltd. (TSE:STEP)

Is STEP Energy Services (TSE:STEP) Weighed On By Its Debt Load?

Dec 22
Is STEP Energy Services (TSE:STEP) Weighed On By Its Debt Load?

Financial Position Analysis

Short Term Liabilities: STEP's short term assets (CA$154.7M) exceed its short term liabilities (CA$112.6M).

Long Term Liabilities: STEP's short term assets (CA$154.7M) exceed its long term liabilities (CA$138.4M).


Debt to Equity History and Analysis

Debt Level: STEP's net debt to equity ratio (24.2%) is considered satisfactory.

Reducing Debt: STEP's debt to equity ratio has reduced from 52.7% to 24.7% over the past 5 years.

Debt Coverage: STEP's debt is well covered by operating cash flow (195.1%).

Interest Coverage: STEP's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


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