Tourmaline Oil Balance Sheet Health
Financial Health criteria checks 5/6
Tourmaline Oil has a total shareholder equity of CA$14.1B and total debt of CA$1.4B, which brings its debt-to-equity ratio to 9.9%. Its total assets and total liabilities are CA$20.2B and CA$6.1B respectively. Tourmaline Oil's EBIT is CA$1.9B making its interest coverage ratio 33.5. It has cash and short-term investments of CA$70.0M.
Key information
9.9%
Debt to equity ratio
CA$1.40b
Debt
| Interest coverage ratio | 33.5x |
| Cash | CA$70.02m |
| Equity | CA$14.13b |
| Total liabilities | CA$6.12b |
| Total assets | CA$20.25b |
Recent financial health updates
Tourmaline Oil (TSE:TOU) Seems To Use Debt Quite Sensibly
Sep 23
Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
May 02Is 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 18Recent updates
Tourmaline Oil's (TSE:TOU) Profits Appear To Have Quality Issues
Nov 13Tourmaline Oil (TSE:TOU) Seems To Use Debt Quite Sensibly
Sep 23Tourmaline Oil (TSE:TOU) Has Announced A Dividend Of CA$0.33
Sep 02Tourmaline Oil (TSE:TOU) Is Due To Pay A Dividend Of CA$0.33
Aug 13Tourmaline Oil's (TSE:TOU) Dividend Will Be CA$0.32
Jun 12Tourmaline Oil (TSE:TOU) Is Due To Pay A Dividend Of CA$0.32
May 29Is 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 18Financial Position Analysis
Short Term Liabilities: TOU's short term assets (CA$1.2B) exceed its short term liabilities (CA$1.2B).
Long Term Liabilities: TOU's short term assets (CA$1.2B) do not cover its long term liabilities (CA$5.0B).
Debt to Equity History and Analysis
Debt Level: TOU's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: TOU's debt to equity ratio has reduced from 22.7% to 9.9% over the past 5 years.
Debt Coverage: TOU's debt is well covered by operating cash flow (220%).
Interest Coverage: TOU's interest payments on its debt are well covered by EBIT (33.5x coverage).