Tenaz Energy Balance Sheet Health
Financial Health criteria checks 5/6
Tenaz Energy has a total shareholder equity of CA$95.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$237.6M and CA$141.8M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$39.68m |
| Equity | CA$95.80m |
| Total liabilities | CA$141.84m |
| Total assets | CA$237.64m |
Recent financial health updates
Is Altura Energy (CVE:ATU) Using Too Much Debt?
Aug 29
Here's Why Altura Energy (CVE:ATU) Can Afford Some Debt
Apr 18Altura Energy (CVE:ATU) Is Making Moderate Use Of Debt
Dec 28Recent updates
We Believe Tenaz Energy's (TSE:TNZ) Earnings Are A Poor Guide For Its Profitability
Apr 05Investors Don't See Light At End Of Tenaz Energy Corp.'s (TSE:TNZ) Tunnel
Feb 22Here's Why Tenaz Energy (TSE:TNZ) Has Caught The Eye Of Investors
Dec 28Upgrade: Analysts Just Made A Dazzling Increase To Their Tenaz Energy Corp. (TSE:TNZ) Forecasts
Jun 02Is Altura Energy (CVE:ATU) Using Too Much Debt?
Aug 29Here's Why Altura Energy (CVE:ATU) Can Afford Some Debt
Apr 18Altura Energy (CVE:ATU) Is Making Moderate Use Of Debt
Dec 28Financial Position Analysis
Short Term Liabilities: TNZ's short term assets (CA$91.5M) exceed its short term liabilities (CA$43.0M).
Long Term Liabilities: TNZ's short term assets (CA$91.5M) do not cover its long term liabilities (CA$98.8M).
Debt to Equity History and Analysis
Debt Level: TNZ is debt free.
Reducing Debt: TNZ has no debt compared to 5 years ago when its debt to equity ratio was 4.4%.
Debt Coverage: TNZ has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TNZ has no debt, therefore coverage of interest payments is not a concern.