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 ratio | 7x |
Cash | CA$1.79m |
Equity | CA$355.55m |
Total liabilities | CA$250.97m |
Total assets | CA$606.52m |
Recent financial health updates
Is STEP Energy Services (TSE:STEP) Using Too Much Debt?
Dec 13Is 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 17Is STEP Energy Services (TSE:STEP) Weighed On By Its Debt Load?
Dec 22Recent updates
Sentiment 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 17Breakeven On The Horizon For STEP Energy Services Ltd. (TSE:STEP)
Mar 23Calculating The Intrinsic Value Of STEP Energy Services Ltd. (TSE:STEP)
Feb 18Need To Know: Analysts Are Much More Bullish On STEP Energy Services Ltd. (TSE:STEP)
Jan 13Is STEP Energy Services (TSE:STEP) Weighed On By Its Debt Load?
Dec 22Financial 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).