Alvopetro Energy Balance Sheet Health
Financial Health criteria checks 6/6
Alvopetro Energy has a total shareholder equity of $88.2M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $109.8M and $21.6M respectively. Alvopetro Energy's EBIT is $29.5M making its interest coverage ratio 135.1. It has cash and short-term investments of $18.3M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 135.1x |
Cash | US$18.33m |
Equity | US$88.21m |
Total liabilities | US$21.62m |
Total assets | US$109.83m |
Recent financial health updates
Alvopetro Energy (CVE:ALV) Has A Rock Solid Balance Sheet
Jun 17Is Alvopetro Energy (CVE:ALV) Using Too Much Debt?
Sep 15Here's Why Alvopetro Energy (CVE:ALV) Has A Meaningful Debt Burden
May 10Alvopetro Energy (CVE:ALV) Is Carrying A Fair Bit Of Debt
Jan 23Recent updates
Investors Continue Waiting On Sidelines For Alvopetro Energy Ltd. (CVE:ALV)
Mar 21Is Alvopetro Energy Ltd. (CVE:ALV) Trading At A 24% Discount?
Jun 09Should You Be Adding Alvopetro Energy (CVE:ALV) To Your Watchlist Today?
May 12Returns On Capital Are A Standout For Alvopetro Energy (CVE:ALV)
Apr 13Investors Shouldn't Overlook Alvopetro Energy's (CVE:ALV) Impressive Returns On Capital
Dec 15Alvopetro Energy (CVE:ALV) Could Become A Multi-Bagger
Jul 19Alvopetro Energy (CVE:ALV) Has A Rock Solid Balance Sheet
Jun 17News Flash: Analysts Just Made A Sizeable Upgrade To Their Alvopetro Energy Ltd. (CVE:ALV) Forecasts
May 18Market Participants Recognise Alvopetro Energy Ltd.'s (CVE:ALV) Earnings Pushing Shares 25% Higher
Mar 29Alvopetro Energy (CVE:ALV) Is Investing Its Capital With Increasing Efficiency
Mar 08Is Alvopetro Energy (CVE:ALV) Using Too Much Debt?
Sep 15Returns Are Gaining Momentum At Alvopetro Energy (CVE:ALV)
Jun 11Here's Why Alvopetro Energy (CVE:ALV) Has A Meaningful Debt Burden
May 10Alvopetro Energy (CVE:ALV) Shareholders Have Enjoyed A Whopping 562% Share Price Gain
Mar 19Alvopetro Energy (CVE:ALV) Is Carrying A Fair Bit Of Debt
Jan 23Financial Position Analysis
Short Term Liabilities: ALV's short term assets ($26.0M) exceed its short term liabilities ($12.9M).
Long Term Liabilities: ALV's short term assets ($26.0M) exceed its long term liabilities ($8.7M).
Debt to Equity History and Analysis
Debt Level: ALV is debt free.
Reducing Debt: ALV had no debt 5 years ago.
Debt Coverage: ALV has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ALV has no debt, therefore coverage of interest payments is not a concern.