Criterium Energy Balance Sheet Health
Financial Health criteria checks 1/6
Criterium Energy has a total shareholder equity of CA$5.2M and total debt of CA$30.2M, which brings its debt-to-equity ratio to 583.3%. Its total assets and total liabilities are CA$90.3M and CA$85.1M respectively.
Key information
583.3%
Debt to equity ratio
CA$30.16m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.14m |
| Equity | CA$5.17m |
| Total liabilities | CA$85.09m |
| Total assets | CA$90.26m |
Recent financial health updates
Does Criterium Energy (CVE:CEQ) Have A Healthy Balance Sheet?
Nov 02
Does Criterium Energy (CVE:CEQ) Have A Healthy Balance Sheet?
Jun 05Recent updates
It's Down 30% But Criterium Energy Ltd. (CVE:CEQ) Could Be Riskier Than It Looks
Nov 07Does Criterium Energy (CVE:CEQ) Have A Healthy Balance Sheet?
Nov 02A Piece Of The Puzzle Missing From Criterium Energy Ltd.'s (CVE:CEQ) 31% Share Price Climb
Sep 09Does Criterium Energy (CVE:CEQ) Have A Healthy Balance Sheet?
Jun 05Softrock Minerals Ltd.'s (CVE:SFT) Shares Climb 33% But Its Business Is Yet to Catch Up
Jun 17Financial Position Analysis
Short Term Liabilities: CEQ's short term assets (CA$15.3M) do not cover its short term liabilities (CA$25.4M).
Long Term Liabilities: CEQ's short term assets (CA$15.3M) do not cover its long term liabilities (CA$59.7M).
Debt to Equity History and Analysis
Debt Level: CEQ's net debt to equity ratio (464.6%) is considered high.
Reducing Debt: CEQ's debt to equity ratio has increased from 58.7% to 583.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CEQ has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CEQ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 62.8% each year
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 13:34 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Criterium Energy Ltd. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephane Guy Foucaud | Auctus Advisors LLP |
| Bill Newman | Research Capital Corporation |