HighPeak Energy Balance Sheet Health
Financial Health criteria checks 2/6
HighPeak Energy has a total shareholder equity of $1.5B and total debt of $1.1B, which brings its debt-to-equity ratio to 72.6%. Its total assets and total liabilities are $3.1B and $1.5B respectively. HighPeak Energy's EBIT is $447.4M making its interest coverage ratio 2.8. It has cash and short-term investments of $173.4M.
Key information
72.6%
Debt to equity ratio
US$1.12b
Debt
Interest coverage ratio | 2.8x |
Cash | US$173.38m |
Equity | US$1.55b |
Total liabilities | US$1.51b |
Total assets | US$3.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 58R's short term assets ($299.0M) exceed its short term liabilities ($288.0M).
Long Term Liabilities: 58R's short term assets ($299.0M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: 58R's net debt to equity ratio (61.4%) is considered high.
Reducing Debt: Insufficient data to determine if 58R's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 58R's debt is well covered by operating cash flow (65.6%).
Interest Coverage: 58R's interest payments on its debt are not well covered by EBIT (2.8x coverage).