Gran Tierra Energy Balance Sheet Health
Financial Health criteria checks 2/6
Gran Tierra Energy has a total shareholder equity of $397.8M and total debt of $560.3M, which brings its debt-to-equity ratio to 140.9%. Its total assets and total liabilities are $1.3B and $928.6M respectively. Gran Tierra Energy's EBIT is $263.8M making its interest coverage ratio 5.9. It has cash and short-term investments of $105.7M.
Key information
140.9%
Debt to equity ratio
US$560.26m
Debt
| Interest coverage ratio | 5.9x |
| Cash | US$105.68m |
| Equity | US$397.77m |
| Total liabilities | US$928.65m |
| Total assets | US$1.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G1P's short term assets ($152.3M) do not cover its short term liabilities ($260.8M).
Long Term Liabilities: G1P's short term assets ($152.3M) do not cover its long term liabilities ($667.8M).
Debt to Equity History and Analysis
Debt Level: G1P's net debt to equity ratio (114.3%) is considered high.
Reducing Debt: G1P's debt to equity ratio has increased from 41.7% to 140.9% over the past 5 years.
Debt Coverage: G1P's debt is well covered by operating cash flow (66.6%).
Interest Coverage: G1P's interest payments on its debt are well covered by EBIT (5.9x coverage).