Petrolia Balance Sheet Health
Financial Health criteria checks 6/6
Petrolia has a total shareholder equity of $44.1M and total debt of $294.0K, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are $65.1M and $21.0M respectively. Petrolia's EBIT is $7.4M making its interest coverage ratio 24.6. It has cash and short-term investments of $12.5M.
Key information
0.7%
Debt to equity ratio
US$294.00k
Debt
| Interest coverage ratio | 24.6x |
| Cash | US$12.52m |
| Equity | US$44.15m |
| Total liabilities | US$20.97m |
| Total assets | US$65.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0PE's short term assets ($34.2M) exceed its short term liabilities ($12.7M).
Long Term Liabilities: 0PE's short term assets ($34.2M) exceed its long term liabilities ($8.2M).
Debt to Equity History and Analysis
Debt Level: 0PE has more cash than its total debt.
Reducing Debt: 0PE's debt to equity ratio has reduced from 10.5% to 0.7% over the past 5 years.
Debt Coverage: 0PE's debt is well covered by operating cash flow (4490.5%).
Interest Coverage: 0PE's interest payments on its debt are well covered by EBIT (24.6x coverage).