High Arctic Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
High Arctic Energy Services has a total shareholder equity of CA$99.3M and total debt of CA$3.5M, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are CA$123.1M and CA$23.8M respectively. High Arctic Energy Services's EBIT is CA$1.5M making its interest coverage ratio -0.9. It has cash and short-term investments of CA$50.3M.
Key information
3.6%
Debt to equity ratio
CA$3.53m
Debt
Interest coverage ratio | -0.9x |
Cash | CA$50.33m |
Equity | CA$99.33m |
Total liabilities | CA$23.81m |
Total assets | CA$123.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6LQ's short term assets (CA$79.4M) exceed its short term liabilities (CA$16.5M).
Long Term Liabilities: 6LQ's short term assets (CA$79.4M) exceed its long term liabilities (CA$7.4M).
Debt to Equity History and Analysis
Debt Level: 6LQ has more cash than its total debt.
Reducing Debt: 6LQ's debt to equity ratio has increased from 0% to 3.6% over the past 5 years.
Debt Coverage: 6LQ's debt is well covered by operating cash flow (318%).
Interest Coverage: 6LQ earns more interest than it pays, so coverage of interest payments is not a concern.