Topaz Energy Balance Sheet Health
Financial Health criteria checks 4/6
Topaz Energy has a total shareholder equity of CA$1.2B and total debt of CA$391.6M, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are CA$1.6B and CA$403.4M respectively. Topaz Energy's EBIT is CA$98.7M making its interest coverage ratio 3.3. It has cash and short-term investments of CA$3.5M.
Key information
31.5%
Debt to equity ratio
CA$391.64m
Debt
| Interest coverage ratio | 3.3x |
| Cash | CA$3.46m |
| Equity | CA$1.24b |
| Total liabilities | CA$403.37m |
| Total assets | CA$1.65b |
Recent financial health updates
Recent updates
Investors Will Want Topaz Energy's (TSE:TPZ) Growth In ROCE To Persist
Mar 31
Topaz Energy's (TSE:TPZ) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 08Is Topaz Energy (TSE:TPZ) A Risky Investment?
Feb 16Returns On Capital Are Showing Encouraging Signs At Topaz Energy (TSE:TPZ)
Oct 11Calculating The Intrinsic Value Of Topaz Energy Corp. (TSE:TPZ)
Jul 22Topaz Energy (TSE:TPZ) Is Experiencing Growth In Returns On Capital
Jun 30Returns On Capital Are Showing Encouraging Signs At Topaz Energy (TSE:TPZ)
Mar 19Topaz Energy's (TSE:TPZ) Dividend Will Be Increased To CA$0.30
Mar 04Topaz Energy Corp. (TSE:TPZ) Shares Could Be 39% Below Their Intrinsic Value Estimate
Feb 18Topaz Energy Corp.'s (TSE:TPZ) Price In Tune With Earnings
Dec 07Topaz Energy (TSE:TPZ) Has Announced That It Will Be Increasing Its Dividend To CA$0.30
Nov 16Topaz Energy's (TSE:TPZ) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 13Estimating The Intrinsic Value Of Topaz Energy Corp. (TSE:TPZ)
Aug 02Topaz Energy (TSE:TPZ) Might Have The Makings Of A Multi-Bagger
Jul 20Here's Why I Think Topaz Energy (TSE:TPZ) Might Deserve Your Attention Today
Jun 02Analysts Just Made A Huge Upgrade To Their Topaz Energy Corp. (TSE:TPZ) Forecasts
May 08There's Been No Shortage Of Growth Recently For Topaz Energy's (TSE:TPZ) Returns On Capital
Mar 22Here's Why We Think Topaz Energy (TSE:TPZ) Is Well Worth Watching
Jan 24Topaz Energy (TSE:TPZ) Might Have The Makings Of A Multi-Bagger
Dec 03Topaz Energy (TSE:TPZ) Is Increasing Its Dividend To CA$0.24
Nov 16Financial Position Analysis
Short Term Liabilities: TPZ's short term assets (CA$60.4M) exceed its short term liabilities (CA$7.1M).
Long Term Liabilities: TPZ's short term assets (CA$60.4M) do not cover its long term liabilities (CA$396.3M).
Debt to Equity History and Analysis
Debt Level: TPZ's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TPZ's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TPZ's debt is well covered by operating cash flow (76.7%).
Interest Coverage: TPZ's interest payments on its debt are well covered by EBIT (3.3x coverage).