Surge Energy Balance Sheet Health
Financial Health criteria checks 4/6
Surge Energy has a total shareholder equity of CA$756.5M and total debt of CA$218.7M, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are CA$1.3B and CA$576.4M respectively. Surge Energy's EBIT is CA$69.2M making its interest coverage ratio 2. It has cash and short-term investments of CA$11.5M.
Key information
28.9%
Debt to equity ratio
CA$218.73m
Debt
| Interest coverage ratio | 2x |
| Cash | CA$11.50m |
| Equity | CA$756.54m |
| Total liabilities | CA$576.40m |
| Total assets | CA$1.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 41Z0's short term assets (CA$77.7M) do not cover its short term liabilities (CA$117.0M).
Long Term Liabilities: 41Z0's short term assets (CA$77.7M) do not cover its long term liabilities (CA$459.4M).
Debt to Equity History and Analysis
Debt Level: 41Z0's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: 41Z0's debt to equity ratio has reduced from 45.9% to 28.9% 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 37.1% per year.