Logan Energy Balance Sheet Health
Financial Health criteria checks 5/6
Logan Energy has a total shareholder equity of CA$173.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$244.8M and CA$71.4M respectively. Logan Energy's EBIT is CA$5.5M making its interest coverage ratio -2.2. It has cash and short-term investments of CA$45.9M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -2.2x |
| Cash | CA$45.86m |
| Equity | CA$173.41m |
| Total liabilities | CA$71.38m |
| Total assets | CA$244.79m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: LGN's short term assets (CA$54.0M) exceed its short term liabilities (CA$40.1M).
Long Term Liabilities: LGN's short term assets (CA$54.0M) exceed its long term liabilities (CA$31.3M).
Debt to Equity History and Analysis
Debt Level: LGN is debt free.
Reducing Debt: LGN had no debt 5 years ago.
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: LGN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LGN has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 247.2% each year.