Petrolia Balance Sheet Health
Financial Health criteria checks 6/6
Petrolia has a total shareholder equity of $41.3M and total debt of $199.0K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are $67.0M and $25.7M respectively. Petrolia's EBIT is $6.0M making its interest coverage ratio 13.4. It has cash and short-term investments of $10.6M.
Key information
0.5%
Debt to equity ratio
US$199.00k
Debt
Interest coverage ratio | 13.4x |
Cash | US$10.64m |
Equity | US$41.30m |
Total liabilities | US$25.68m |
Total assets | US$66.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0PE's short term assets ($34.5M) exceed its short term liabilities ($15.8M).
Long Term Liabilities: 0PE's short term assets ($34.5M) exceed its long term liabilities ($9.9M).
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 11.4% to 0.5% over the past 5 years.
Debt Coverage: 0PE's debt is well covered by operating cash flow (5282.9%).
Interest Coverage: 0PE's interest payments on its debt are well covered by EBIT (13.4x coverage).