Tourmaline Oil Balance Sheet Health
Financial Health criteria checks 4/6
Tourmaline Oil has a total shareholder equity of CA$14.0B and total debt of CA$1.3B, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are CA$20.0B and CA$6.0B respectively. Tourmaline Oil's EBIT is CA$3.2B making its interest coverage ratio 86.8. It has cash and short-term investments of CA$70.0M.
Key information
9.4%
Debt to equity ratio
CA$1.32b
Debt
| Interest coverage ratio | 86.8x |
| Cash | CA$70.02m |
| Equity | CA$14.02b |
| Total liabilities | CA$6.01b |
| Total assets | CA$20.02b |
Recent financial health updates
Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
May 02
Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Jan 16Tourmaline Oil (TSE:TOU) Seems To Use Debt Quite Sensibly
Oct 06Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Mar 26Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Dec 18These 4 Measures Indicate That Tourmaline Oil (TSE:TOU) Is Using Debt Safely
Aug 31Recent updates
Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
May 02Estimating The Intrinsic Value Of Tourmaline Oil Corp. (TSE:TOU)
Feb 25Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Jan 16Tourmaline Oil Corp.'s (TSE:TOU) Share Price Matching Investor Opinion
Dec 26An Intrinsic Calculation For Tourmaline Oil Corp. (TSE:TOU) Suggests It's 44% Undervalued
Nov 14Tourmaline Oil (TSE:TOU) Seems To Use Debt Quite Sensibly
Oct 06A Look At The Fair Value Of Tourmaline Oil Corp. (TSE:TOU)
Aug 09Tourmaline Oil Corp. (TSE:TOU) Analysts Just Slashed This Year's Estimates
May 05If EPS Growth Is Important To You, Tourmaline Oil (TSE:TOU) Presents An Opportunity
Apr 24Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Mar 26Tourmaline Oil Corp.'s (TSE:TOU) Intrinsic Value Is Potentially 42% Above Its Share Price
Jan 30With EPS Growth And More, Tourmaline Oil (TSE:TOU) Makes An Interesting Case
Jan 16Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Dec 18With EPS Growth And More, Tourmaline Oil (TSE:TOU) Makes An Interesting Case
Oct 11An Intrinsic Calculation For Tourmaline Oil Corp. (TSE:TOU) Suggests It's 22% Undervalued
Sep 13These 4 Measures Indicate That Tourmaline Oil (TSE:TOU) Is Using Debt Safely
Aug 31New Forecasts: Here's What Analysts Think The Future Holds For Tourmaline Oil Corp. (TSE:TOU)
Aug 03Tourmaline Oil (TSE:TOU) Will Pay A Larger Dividend Than Last Year At CA$0.23
Jun 05Financial Position Analysis
Short Term Liabilities: TOU's short term assets (CA$1.2B) do not cover its short term liabilities (CA$1.3B).
Long Term Liabilities: TOU's short term assets (CA$1.2B) do not cover its long term liabilities (CA$4.7B).
Debt to Equity History and Analysis
Debt Level: TOU's net debt to equity ratio (8.9%) is considered satisfactory.
Reducing Debt: TOU's debt to equity ratio has reduced from 19.2% to 9.4% over the past 5 years.
Debt Coverage: TOU's debt is well covered by operating cash flow (265.5%).
Interest Coverage: TOU's interest payments on its debt are well covered by EBIT (86.8x coverage).