Kelt Exploration Balance Sheet Health
Financial Health criteria checks 4/6
Kelt Exploration has a total shareholder equity of CA$1.0B and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$1.3B and CA$256.6M respectively. Kelt Exploration's EBIT is CA$117.4M making its interest coverage ratio 28. It has cash and short-term investments of CA$14.3M.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | 28x |
Cash | CA$14.34m |
Equity | CA$1.00b |
Total liabilities | CA$256.63m |
Total assets | CA$1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2KE's short term assets (CA$76.1M) do not cover its short term liabilities (CA$91.2M).
Long Term Liabilities: 2KE's short term assets (CA$76.1M) do not cover its long term liabilities (CA$165.4M).
Debt to Equity History and Analysis
Debt Level: 2KE is debt free.
Reducing Debt: 2KE has no debt compared to 5 years ago when its debt to equity ratio was 27.7%.
Debt Coverage: 2KE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 2KE has no debt, therefore coverage of interest payments is not a concern.