Tamarack Valley Energy Balance Sheet Health
Financial Health criteria checks 2/6
Tamarack Valley Energy has a total shareholder equity of CA$2.2B and total debt of CA$936.5M, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are CA$4.2B and CA$2.0B respectively. Tamarack Valley Energy's EBIT is CA$371.3M making its interest coverage ratio 3.6. It has cash and short-term investments of CA$246.0K.
Key information
43.1%
Debt to equity ratio
CA$936.49m
Debt
| Interest coverage ratio | 3.6x |
| Cash | CA$246.00k |
| Equity | CA$2.17b |
| Total liabilities | CA$2.03b |
| Total assets | CA$4.21b |
Recent financial health updates
Tamarack Valley Energy (TSE:TVE) Use Of Debt Could Be Considered Risky
Nov 19
Is Tamarack Valley Energy (TSE:TVE) Using Too Much Debt?
Aug 21Is Tamarack Valley Energy (TSE:TVE) Using Too Much Debt?
Mar 20Is Tamarack Valley Energy (TSE:TVE) Using Too Much Debt?
Dec 10Recent updates
Tamarack Valley Energy's (TSE:TVE) Dividend Will Be CA$0.0125
Mar 18Tamarack Valley Energy (TSE:TVE) Will Pay A Dividend Of CA$0.0125
Feb 19Tamarack Valley Energy (TSE:TVE) Is Due To Pay A Dividend Of CA$0.0125
Jan 19Tamarack Valley Energy (TSE:TVE) Will Pay A Dividend Of CA$0.0125
Nov 28Tamarack Valley Energy (TSE:TVE) Use Of Debt Could Be Considered Risky
Nov 19Tamarack Valley Energy (TSE:TVE) Is Paying Out A Dividend Of CA$0.0125
Oct 29Tamarack Valley Energy (TSE:TVE) Has Announced A Dividend Of CA$0.0125
Sep 23Tamarack Valley Energy's (TSE:TVE) Dividend Will Be CA$0.0125
Aug 26Is Tamarack Valley Energy (TSE:TVE) Using Too Much Debt?
Aug 21Tamarack Valley Energy (TSE:TVE) Is Due To Pay A Dividend Of CA$0.0125
Jul 25Is There An Opportunity With Tamarack Valley Energy Ltd.'s (TSE:TVE) 50% Undervaluation?
Jul 19Tamarack Valley Energy (TSE:TVE) Is Due To Pay A Dividend Of CA$0.0125
Jun 24Tamarack Valley Energy's (TSE:TVE) Dividend Will Be CA$0.0125
May 21Tamarack Valley Energy (TSE:TVE) Is Paying Out A Dividend Of CA$0.0125
Apr 23Is Tamarack Valley Energy (TSE:TVE) Using Too Much Debt?
Mar 20Tamarack Valley Energy (TSE:TVE) Has Affirmed Its Dividend Of CA$0.0125
Feb 21Is Tamarack Valley Energy (TSE:TVE) Using Too Much Debt?
Dec 10Financial Position Analysis
Short Term Liabilities: TVE's short term assets (CA$195.2M) do not cover its short term liabilities (CA$375.4M).
Long Term Liabilities: TVE's short term assets (CA$195.2M) do not cover its long term liabilities (CA$1.7B).
Debt to Equity History and Analysis
Debt Level: TVE's net debt to equity ratio (43%) is considered high.
Reducing Debt: TVE's debt to equity ratio has increased from 19.9% to 43.1% over the past 5 years.
Debt Coverage: TVE's debt is well covered by operating cash flow (67.4%).
Interest Coverage: TVE's interest payments on its debt are well covered by EBIT (3.6x coverage).