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$419.5M, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are CA$1.6B and CA$472.8M respectively. Topaz Energy's EBIT is CA$117.9M making its interest coverage ratio 4.2. It has cash and short-term investments of CA$2.9M.
Key information
36.4%
Debt to equity ratio
CA$419.52m
Debt
| Interest coverage ratio | 4.2x |
| Cash | CA$2.86m |
| Equity | CA$1.15b |
| Total liabilities | CA$472.79m |
| Total assets | CA$1.62b |
Recent financial health updates
Is Topaz Energy (TSE:TPZ) Using Too Much Debt?
Sep 27
Is Topaz Energy (TSE:TPZ) A Risky Investment?
Feb 16Recent updates
Is Topaz Energy (TSE:TPZ) Using Too Much Debt?
Sep 27Returns At Topaz Energy (TSE:TPZ) Are On The Way Up
Aug 25Topaz Energy's (TSE:TPZ) Dividend Will Be Increased To CA$0.33
Aug 03Topaz Energy Corp. Just Recorded A 71% EPS Beat: Here's What Analysts Are Forecasting Next
Aug 01Why Investors Shouldn't Be Surprised By Topaz Energy Corp.'s (TSE:TPZ) P/E
May 27We Think You Can Look Beyond Topaz Energy's (TSE:TPZ) Lackluster Earnings
May 06The Compensation For Topaz Energy Corp.'s (TSE:TPZ) CEO Looks Deserved And Here's Why
Apr 26Investors Will Want Topaz Energy's (TSE:TPZ) Growth In ROCE To Persist
Mar 31Topaz 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 20Financial Position Analysis
Short Term Liabilities: TPZ's short term assets (CA$58.6M) exceed its short term liabilities (CA$31.1M).
Long Term Liabilities: TPZ's short term assets (CA$58.6M) do not cover its long term liabilities (CA$441.7M).
Debt to Equity History and Analysis
Debt Level: TPZ's net debt to equity ratio (36.2%) 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 (68.6%).
Interest Coverage: TPZ's interest payments on its debt are well covered by EBIT (4.2x coverage).