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 02Recent updates
Market Participants Recognise Tourmaline Oil Corp.'s (TSE:TOU) Earnings
Dec 19Tourmaline 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 25Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 05:03 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tourmaline Oil Corp. is covered by 28 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Patrick O'Rourke | ATB Capital Markets |
| Anthony Linton | Barclays |