Canacol Energy Balance Sheet Health
Financial Health criteria checks 0/6
Canacol Energy has a total shareholder equity of $355.7M and total debt of $665.0M, which brings its debt-to-equity ratio to 187%. Its total assets and total liabilities are $1.2B and $860.6M respectively. Canacol Energy's EBIT is $139.2M making its interest coverage ratio 2.5. It has cash and short-term investments of $33.9M.
Key information
187.0%
Debt to equity ratio
US$665.01m
Debt
Interest coverage ratio | 2.5x |
Cash | US$33.90m |
Equity | US$355.70m |
Total liabilities | US$860.57m |
Total assets | US$1.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNEC's short term assets ($128.3M) do not cover its short term liabilities ($143.1M).
Long Term Liabilities: CNEC's short term assets ($128.3M) do not cover its long term liabilities ($717.5M).
Debt to Equity History and Analysis
Debt Level: CNEC's net debt to equity ratio (177.4%) is considered high.
Reducing Debt: CNEC's debt to equity ratio has increased from 160.1% to 187% over the past 5 years.
Debt Coverage: CNEC's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: CNEC's interest payments on its debt are not well covered by EBIT (2.5x coverage).