Veren Balance Sheet Health
Financial Health criteria checks 3/6
Veren has a total shareholder equity of CA$6.4B and total debt of CA$3.6B, which brings its debt-to-equity ratio to 56.3%. Its total assets and total liabilities are CA$12.0B and CA$5.7B respectively. Veren's EBIT is CA$498.0M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$21.8M.
Key information
56.3%
Debt to equity ratio
CA$3.59b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CA$21.80m |
| Equity | CA$6.38b |
| Total liabilities | CA$5.66b |
| Total assets | CA$12.04b |
Recent financial health updates
Is Crescent Point Energy (TSE:CPG) Using Too Much Debt?
Mar 26
Here's Why Crescent Point Energy (TSE:CPG) Has A Meaningful Debt Burden
Oct 18Does Crescent Point Energy (TSE:CPG) Have A Healthy Balance Sheet?
Feb 09Recent updates
What You Can Learn From Veren Inc.'s (TSE:VRN) P/E
May 22Shareholders Would Not Be Objecting To Crescent Point Energy Corp.'s (TSE:CPG) CEO Compensation And Here's Why
May 04Is There An Opportunity With Crescent Point Energy Corp.'s (TSE:CPG) 42% Undervaluation?
Apr 12Is Crescent Point Energy (TSE:CPG) Using Too Much Debt?
Mar 26Crescent Point Energy (TSE:CPG) Has Announced That It Will Be Increasing Its Dividend To CA$0.115
Mar 08Getting In Cheap On Crescent Point Energy Corp. (TSE:CPG) Is Unlikely
Dec 25News Flash: Analysts Just Made A Dazzling Upgrade To Their Crescent Point Energy Corp. (TSE:CPG) Forecasts
Nov 20Here's Why Crescent Point Energy (TSE:CPG) Has A Meaningful Debt Burden
Oct 18Estimating The Intrinsic Value Of Crescent Point Energy Corp. (TSE:CPG)
May 04Analysts' Revenue Estimates For Crescent Point Energy Corp. (TSE:CPG) Are Surging Higher
Mar 30Crescent Point Energy's (TSE:CPG) Upcoming Dividend Will Be Larger Than Last Year's
Mar 10Crescent Point Energy's (TSE:CPG) Upcoming Dividend Will Be Larger Than Last Year's
Feb 11Does Crescent Point Energy (TSE:CPG) Have A Healthy Balance Sheet?
Feb 09Crescent Point Energy (TSE:CPG) Has Announced That It Will Be Increasing Its Dividend To CA$0.10
Jan 12Crescent Point Energy (TSE:CPG) Is Increasing Its Dividend To CA$0.10
Dec 25Crescent Point Energy (TSE:CPG) Is Increasing Its Dividend To CA$0.08
Dec 11Financial Position Analysis
Short Term Liabilities: VRN's short term assets (CA$1.4B) exceed its short term liabilities (CA$1.3B).
Long Term Liabilities: VRN's short term assets (CA$1.4B) do not cover its long term liabilities (CA$4.3B).
Debt to Equity History and Analysis
Debt Level: VRN's net debt to equity ratio (56%) is considered high.
Reducing Debt: VRN's debt to equity ratio has reduced from 63.4% to 56.3% over the past 5 years.
Debt Coverage: VRN's debt is well covered by operating cash flow (59.4%).
Interest Coverage: VRN's interest payments on its debt are not well covered by EBIT (2.8x coverage).