Canacol Energy Balance Sheet Health
Financial Health criteria checks 2/6
Canacol Energy has a total shareholder equity of $346.4M and total debt of $713.0M, which brings its debt-to-equity ratio to 205.8%. Its total assets and total liabilities are $1.2B and $884.9M respectively. Canacol Energy's EBIT is $169.0M making its interest coverage ratio 2.7. It has cash and short-term investments of $67.1M.
Key information
205.8%
Debt to equity ratio
US$712.96m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$67.14m |
| Equity | US$346.43m |
| Total liabilities | US$884.91m |
| Total assets | US$1.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3B6's short term assets ($171.7M) exceed its short term liabilities ($114.1M).
Long Term Liabilities: 3B6's short term assets ($171.7M) do not cover its long term liabilities ($770.8M).
Debt to Equity History and Analysis
Debt Level: 3B6's net debt to equity ratio (186.4%) is considered high.
Reducing Debt: 3B6's debt to equity ratio has increased from 154.6% to 205.8% over the past 5 years.
Debt Coverage: 3B6's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 3B6's interest payments on its debt are not well covered by EBIT (2.7x coverage).