Lucero Energy Balance Sheet Health
Financial Health criteria checks 6/6
Lucero Energy has a total shareholder equity of CA$533.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$636.4M and CA$102.5M respectively. Lucero Energy's EBIT is CA$51.7M making its interest coverage ratio -23. It has cash and short-term investments of CA$75.0M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -23x |
| Cash | CA$75.00m |
| Equity | CA$533.91m |
| Total liabilities | CA$102.50m |
| Total assets | CA$636.41m |
Recent financial health updates
Lucero Energy (CVE:LOU) Has A Pretty Healthy Balance Sheet
Dec 19
Lucero Energy (CVE:LOU) Seems To Use Debt Quite Sensibly
Aug 09Is PetroShale (CVE:PSH) Weighed On By Its Debt Load?
Oct 10PetroShale (CVE:PSH) Has No Shortage Of Debt
Mar 12PetroShale (CVE:PSH) Has No Shortage Of Debt
Nov 27
Recent updates
Little Excitement Around Lucero Energy Corp.'s (CVE:LOU) Earnings
Feb 09Lucero Energy (CVE:LOU) Has A Pretty Healthy Balance Sheet
Dec 19Lucero Energy (CVE:LOU) Seems To Use Debt Quite Sensibly
Aug 09Is PetroShale (CVE:PSH) Weighed On By Its Debt Load?
Oct 10PetroShale (CVE:PSH) Has No Shortage Of Debt
Mar 12PetroShale (CVE:PSH) Has No Shortage Of Debt
Nov 27Financial Position Analysis
Short Term Liabilities: LOU's short term assets (CA$88.2M) exceed its short term liabilities (CA$33.4M).
Long Term Liabilities: LOU's short term assets (CA$88.2M) exceed its long term liabilities (CA$69.1M).
Debt to Equity History and Analysis
Debt Level: LOU is debt free.
Reducing Debt: LOU has no debt compared to 5 years ago when its debt to equity ratio was 129.3%.
Debt Coverage: LOU has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LOU has no debt, therefore coverage of interest payments is not a concern.