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 ratio135.1x
CashUS$18.33m
EquityUS$88.21m
Total liabilitiesUS$21.62m
Total assetsUS$109.83m

Recent financial health updates

Recent updates

Investors Continue Waiting On Sidelines For Alvopetro Energy Ltd. (CVE:ALV)

Mar 21
Investors Continue Waiting On Sidelines For Alvopetro Energy Ltd. (CVE:ALV)

Is Alvopetro Energy Ltd. (CVE:ALV) Trading At A 24% Discount?

Jun 09
Is Alvopetro Energy Ltd. (CVE:ALV) Trading At A 24% Discount?

Should You Be Adding Alvopetro Energy (CVE:ALV) To Your Watchlist Today?

May 12
Should You Be Adding Alvopetro Energy (CVE:ALV) To Your Watchlist Today?

Returns On Capital Are A Standout For Alvopetro Energy (CVE:ALV)

Apr 13
Returns On Capital Are A Standout For Alvopetro Energy (CVE:ALV)

Investors Shouldn't Overlook Alvopetro Energy's (CVE:ALV) Impressive Returns On Capital

Dec 15
Investors Shouldn't Overlook Alvopetro Energy's (CVE:ALV) Impressive Returns On Capital

Alvopetro Energy (CVE:ALV) Could Become A Multi-Bagger

Jul 19
Alvopetro Energy (CVE:ALV) Could Become A Multi-Bagger

Alvopetro Energy (CVE:ALV) Has A Rock Solid Balance Sheet

Jun 17
Alvopetro Energy (CVE:ALV) Has A Rock Solid Balance Sheet

News Flash: Analysts Just Made A Sizeable Upgrade To Their Alvopetro Energy Ltd. (CVE:ALV) Forecasts

May 18
News Flash: Analysts Just Made A Sizeable Upgrade To Their Alvopetro Energy Ltd. (CVE:ALV) Forecasts

Market Participants Recognise Alvopetro Energy Ltd.'s (CVE:ALV) Earnings Pushing Shares 25% Higher

Mar 29
Market Participants Recognise Alvopetro Energy Ltd.'s (CVE:ALV) Earnings Pushing Shares 25% Higher

Alvopetro Energy (CVE:ALV) Is Investing Its Capital With Increasing Efficiency

Mar 08
Alvopetro Energy (CVE:ALV) Is Investing Its Capital With Increasing Efficiency

Is Alvopetro Energy (CVE:ALV) Using Too Much Debt?

Sep 15
Is Alvopetro Energy (CVE:ALV) Using Too Much Debt?

Returns Are Gaining Momentum At Alvopetro Energy (CVE:ALV)

Jun 11
Returns Are Gaining Momentum At Alvopetro Energy (CVE:ALV)

Here's Why Alvopetro Energy (CVE:ALV) Has A Meaningful Debt Burden

May 10
Here's Why Alvopetro Energy (CVE:ALV) Has A Meaningful Debt Burden

Alvopetro Energy (CVE:ALV) Shareholders Have Enjoyed A Whopping 562% Share Price Gain

Mar 19
Alvopetro Energy (CVE:ALV) Shareholders Have Enjoyed A Whopping 562% Share Price Gain

Alvopetro Energy (CVE:ALV) Is Carrying A Fair Bit Of Debt

Jan 23
Alvopetro Energy (CVE:ALV) Is Carrying A Fair Bit Of Debt

Financial 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.


Balance Sheet


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