Civeo Balance Sheet Health
Financial Health criteria checks 5/6
Civeo has a total shareholder equity of $299.4M and total debt of $47.5M, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are $483.2M and $183.8M respectively. Civeo's EBIT is $29.2M making its interest coverage ratio 2.8. It has cash and short-term investments of $7.4M.
Key information
15.9%
Debt to equity ratio
US$47.49m
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$7.44m |
| Equity | US$299.39m |
| Total liabilities | US$183.85m |
| Total assets | US$483.23m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 44C1's short term assets ($151.6M) exceed its short term liabilities ($98.1M).
Long Term Liabilities: 44C1's short term assets ($151.6M) exceed its long term liabilities ($85.8M).
Debt to Equity History and Analysis
Debt Level: 44C1's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: 44C1's debt to equity ratio has reduced from 79% to 15.9% over the past 5 years.
Debt Coverage: 44C1's debt is well covered by operating cash flow (242.5%).
Interest Coverage: 44C1's interest payments on its debt are not well covered by EBIT (2.8x coverage).