Canacol Energy Balance Sheet Health
Financial Health criteria checks 1/6
Canacol Energy has a total shareholder equity of $334.5M and total debt of $667.0M, which brings its debt-to-equity ratio to 199.4%. Its total assets and total liabilities are $1.2B and $862.9M respectively. Canacol Energy's EBIT is $154.9M making its interest coverage ratio 2.6. It has cash and short-term investments of $42.6M.
Key information
199.4%
Debt to equity ratio
US$667.02m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$42.60m |
| Equity | US$334.52m |
| Total liabilities | US$862.95m |
| Total assets | US$1.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3B6's short term assets ($135.4M) do not cover its short term liabilities ($139.5M).
Long Term Liabilities: 3B6's short term assets ($135.4M) do not cover its long term liabilities ($723.4M).
Debt to Equity History and Analysis
Debt Level: 3B6's net debt to equity ratio (186.7%) is considered high.
Reducing Debt: 3B6's debt to equity ratio has increased from 158.4% to 199.4% over the past 5 years.
Debt Coverage: 3B6's debt is well covered by operating cash flow (28.9%).
Interest Coverage: 3B6's interest payments on its debt are not well covered by EBIT (2.6x coverage).