Tethys Petroleum Balance Sheet Health
Financial Health criteria checks 5/6
Tethys Petroleum has a total shareholder equity of $43.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $103.6M and $60.3M respectively. Tethys Petroleum's EBIT is $29.3M making its interest coverage ratio 30.3. It has cash and short-term investments of $10.0M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 30.3x |
| Cash | US$9.97m |
| Equity | US$43.32m |
| Total liabilities | US$60.29m |
| Total assets | US$103.61m |
Recent financial health updates
We Think Tethys Petroleum (CVE:TPL) Can Stay On Top Of Its Debt
May 05
Tethys Petroleum (CVE:TPL) Seems To Use Debt Quite Sensibly
Dec 13Is Tethys Petroleum (CVE:TPL) Using Too Much Debt?
Aug 04Is Tethys Petroleum (CVE:TPL) Using Too Much Debt?
Mar 18We Think Tethys Petroleum (CVE:TPL) Has A Fair Chunk Of Debt
Nov 23Recent updates
The Market Lifts Tethys Petroleum Limited (CVE:TPL) Shares 45% But It Can Do More
Apr 24Tethys Petroleum (CVE:TPL) Is Achieving High Returns On Its Capital
Mar 25Tethys Petroleum Limited (CVE:TPL) Could Be Riskier Than It Looks
Feb 27We Like Tethys Petroleum's (CVE:TPL) Returns And Here's How They're Trending
Nov 02There's No Escaping Tethys Petroleum Limited's (CVE:TPL) Muted Earnings
May 31We Think Tethys Petroleum (CVE:TPL) Can Stay On Top Of Its Debt
May 05Tethys Petroleum (CVE:TPL) Seems To Use Debt Quite Sensibly
Dec 13The Strong Earnings Posted By Tethys Petroleum (CVE:TPL) Are A Good Indication Of The Strength Of The Business
Nov 02Is Tethys Petroleum (CVE:TPL) Using Too Much Debt?
Aug 04Tethys Petroleum (CVE:TPL) Might Have The Makings Of A Multi-Bagger
Apr 29Is Tethys Petroleum (CVE:TPL) Using Too Much Debt?
Mar 18We Think Tethys Petroleum (CVE:TPL) Has A Fair Chunk Of Debt
Nov 23Can Tethys Petroleum (CVE:TPL) Continue To Grow Its Returns On Capital?
Mar 19Financial Position Analysis
Short Term Liabilities: TPL's short term assets ($20.0M) exceed its short term liabilities ($12.7M).
Long Term Liabilities: TPL's short term assets ($20.0M) do not cover its long term liabilities ($47.6M).
Debt to Equity History and Analysis
Debt Level: TPL is debt free.
Reducing Debt: TPL has no debt compared to 5 years ago when its debt to equity ratio was 74.6%.
Debt Coverage: TPL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TPL has no debt, therefore coverage of interest payments is not a concern.