TransGlobe Energy Balance Sheet Health
Financial Health criteria checks 6/6
TransGlobe Energy has a total shareholder equity of $250.2M and total debt of $3.1M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are $354.8M and $104.6M respectively. TransGlobe Energy's EBIT is $148.3M making its interest coverage ratio 92.5. It has cash and short-term investments of $61.2M.
Key information
1.2%
Debt to equity ratio
US$3.10m
Debt
Interest coverage ratio | 92.5x |
Cash | US$61.18m |
Equity | US$250.23m |
Total liabilities | US$104.61m |
Total assets | US$354.84m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGL's short term assets ($141.3M) exceed its short term liabilities ($62.7M).
Long Term Liabilities: TGL's short term assets ($141.3M) exceed its long term liabilities ($42.0M).
Debt to Equity History and Analysis
Debt Level: TGL has more cash than its total debt.
Reducing Debt: TGL's debt to equity ratio has reduced from 38.8% to 1.2% over the past 5 years.
Debt Coverage: TGL's debt is well covered by operating cash flow (1401%).
Interest Coverage: TGL's interest payments on its debt are well covered by EBIT (92.5x coverage).