Surge Energy Balance Sheet Health
Financial Health criteria checks 4/6
Surge Energy has a total shareholder equity of CA$831.2M and total debt of CA$261.4M, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are CA$1.5B and CA$656.8M respectively.
Key information
31.4%
Debt to equity ratio
CA$261.39m
Debt
Interest coverage ratio | 0.9x |
Cash | n/a |
Equity | CA$831.24m |
Total liabilities | CA$656.78m |
Total assets | CA$1.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 41Z0's short term assets (CA$68.6M) do not cover its short term liabilities (CA$181.2M).
Long Term Liabilities: 41Z0's short term assets (CA$68.6M) do not cover its long term liabilities (CA$475.6M).
Debt to Equity History and Analysis
Debt Level: 41Z0's net debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: 41Z0's debt to equity ratio has reduced from 52.8% to 31.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 41Z0 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 41Z0 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.3% per year.