Gear Energy Balance Sheet Health
Financial Health criteria checks 5/6
Gear Energy has a total shareholder equity of CA$235.8M and total debt of CA$22.2M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are CA$338.2M and CA$102.4M respectively.
Key information
9.4%
Debt to equity ratio
CA$22.17m
Debt
Interest coverage ratio | 11.7x |
Cash | n/a |
Equity | CA$235.75m |
Total liabilities | CA$102.42m |
Total assets | CA$338.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0GY's short term assets (CA$25.5M) exceed its short term liabilities (CA$23.2M).
Long Term Liabilities: 0GY's short term assets (CA$25.5M) do not cover its long term liabilities (CA$79.3M).
Debt to Equity History and Analysis
Debt Level: 0GY's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: 0GY's debt to equity ratio has reduced from 50.9% to 9.4% over the past 5 years.
Debt Coverage: 0GY's debt is well covered by operating cash flow (266.7%).
Interest Coverage: 0GY's interest payments on its debt are well covered by EBIT (11.7x coverage).