Arrow Exploration Corp.

TSXV:AXL Stock Report

Market Cap: CA$122.9m

Arrow Exploration Balance Sheet Health

Financial Health criteria checks 6/6

Arrow Exploration has a total shareholder equity of $42.7M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $62.8M and $20.1M respectively. Arrow Exploration's EBIT is $21.2M making its interest coverage ratio 94.8. It has cash and short-term investments of $13.0M.

Key information

0%

Debt to equity ratio

US$0

Debt

Interest coverage ratio94.8x
CashUS$13.02m
EquityUS$42.67m
Total liabilitiesUS$20.09m
Total assetsUS$62.76m

Recent financial health updates

Recent updates

Investors Aren't Buying Arrow Exploration Corp.'s (CVE:AXL) Earnings

Feb 22
Investors Aren't Buying Arrow Exploration Corp.'s (CVE:AXL) Earnings

Potential Upside For Arrow Exploration Corp. (CVE:AXL) Not Without Risk

Jun 14
Potential Upside For Arrow Exploration Corp. (CVE:AXL) Not Without Risk

Here's Why Arrow Exploration (CVE:AXL) Has A Meaningful Debt Burden

Nov 02
Here's Why Arrow Exploration (CVE:AXL) Has A Meaningful Debt Burden

Shareholders Shouldn’t Be Too Comfortable With Arrow Exploration's (CVE:AXL) Strong Earnings

Sep 07
Shareholders Shouldn’t Be Too Comfortable With Arrow Exploration's (CVE:AXL) Strong Earnings

We Think Arrow Exploration (CVE:AXL) Is Taking Some Risk With Its Debt

Aug 01
We Think Arrow Exploration (CVE:AXL) Is Taking Some Risk With Its Debt

Here's Why Arrow Exploration (CVE:AXL) Can Afford Some Debt

Mar 09
Here's Why Arrow Exploration (CVE:AXL) Can Afford Some Debt

Here's Why Arrow Exploration (CVE:AXL) Can Afford Some Debt

Nov 19
Here's Why Arrow Exploration (CVE:AXL) Can Afford Some Debt

Is Arrow Exploration (CVE:AXL) Using Too Much Debt?

Mar 09
Is Arrow Exploration (CVE:AXL) Using Too Much Debt?

Financial Position Analysis

Short Term Liabilities: AXL's short term assets ($18.7M) exceed its short term liabilities ($13.3M).

Long Term Liabilities: AXL's short term assets ($18.7M) exceed its long term liabilities ($6.8M).


Debt to Equity History and Analysis

Debt Level: AXL is debt free.

Reducing Debt: AXL has no debt compared to 5 years ago when its debt to equity ratio was 10.1%.

Debt Coverage: AXL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AXL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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