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 ratio | 94.8x |
Cash | US$13.02m |
Equity | US$42.67m |
Total liabilities | US$20.09m |
Total assets | US$62.76m |
Recent financial health updates
Here's Why Arrow Exploration (CVE:AXL) Has A Meaningful Debt Burden
Nov 02We Think Arrow Exploration (CVE:AXL) Is Taking Some Risk With Its Debt
Aug 01Here's Why Arrow Exploration (CVE:AXL) Can Afford Some Debt
Mar 09Here's Why Arrow Exploration (CVE:AXL) Can Afford Some Debt
Nov 19Is Arrow Exploration (CVE:AXL) Using Too Much Debt?
Mar 09Recent updates
Investors Aren't Buying Arrow Exploration Corp.'s (CVE:AXL) Earnings
Feb 22Potential Upside For Arrow Exploration Corp. (CVE:AXL) Not Without Risk
Jun 14Here's Why Arrow Exploration (CVE:AXL) Has A Meaningful Debt Burden
Nov 02Shareholders Shouldn’t Be Too Comfortable With Arrow Exploration's (CVE:AXL) Strong Earnings
Sep 07We Think Arrow Exploration (CVE:AXL) Is Taking Some Risk With Its Debt
Aug 01Here's Why Arrow Exploration (CVE:AXL) Can Afford Some Debt
Mar 09Here's Why Arrow Exploration (CVE:AXL) Can Afford Some Debt
Nov 19Is Arrow Exploration (CVE:AXL) Using Too Much Debt?
Mar 09Financial 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.