Criterium Energy Balance Sheet Health
Financial Health criteria checks 1/6
Criterium Energy has a total shareholder equity of CA$6.4M and total debt of CA$37.8M, which brings its debt-to-equity ratio to 586.6%. Its total assets and total liabilities are CA$100.1M and CA$93.7M respectively.
Key information
586.6%
Debt to equity ratio
CA$37.80m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$7.10m |
| Equity | CA$6.44m |
| Total liabilities | CA$93.70m |
| Total assets | CA$100.14m |
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$14.8M) do not cover its short term liabilities (CA$17.0M).
Long Term Liabilities: CEQ's short term assets (CA$14.8M) do not cover its long term liabilities (CA$76.7M).
Debt to Equity History and Analysis
Debt Level: CEQ's net debt to equity ratio (476.3%) is considered high.
Reducing Debt: CEQ's debt to equity ratio has increased from 60.5% to 586.6% 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 64.7% each year