Topaz Energy Balance Sheet Health
Financial Health criteria checks 4/6
Topaz Energy has a total shareholder equity of CA$1.2B and total debt of CA$419.5M, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are CA$1.6B and CA$472.8M respectively. Topaz Energy's EBIT is CA$117.9M making its interest coverage ratio 4.2. It has cash and short-term investments of CA$2.9M.
Key information
36.4%
Debt to equity ratio
CA$419.52m
Debt
| Interest coverage ratio | 4.2x |
| Cash | CA$2.86m |
| Equity | CA$1.15b |
| Total liabilities | CA$472.79m |
| Total assets | CA$1.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5XU's short term assets (CA$58.6M) exceed its short term liabilities (CA$31.1M).
Long Term Liabilities: 5XU's short term assets (CA$58.6M) do not cover its long term liabilities (CA$441.7M).
Debt to Equity History and Analysis
Debt Level: 5XU's net debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 5XU's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 5XU's debt is well covered by operating cash flow (68.6%).
Interest Coverage: 5XU's interest payments on its debt are well covered by EBIT (4.2x coverage).