High Arctic Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
High Arctic Energy Services has a total shareholder equity of CA$23.1M and total debt of CA$3.4M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are CA$33.0M and CA$9.9M respectively. High Arctic Energy Services's EBIT is CA$1.2M making its interest coverage ratio -0.8. It has cash and short-term investments of CA$4.1M.
Key information
14.7%
Debt to equity ratio
CA$3.40m
Debt
| Interest coverage ratio | -0.8x |
| Cash | CA$4.11m |
| Equity | CA$23.08m |
| Total liabilities | CA$9.89m |
| Total assets | CA$32.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6LQ0's short term assets (CA$8.4M) exceed its short term liabilities (CA$3.4M).
Long Term Liabilities: 6LQ0's short term assets (CA$8.4M) exceed its long term liabilities (CA$6.5M).
Debt to Equity History and Analysis
Debt Level: 6LQ0 has more cash than its total debt.
Reducing Debt: 6LQ0's debt to equity ratio has increased from 0% to 14.7% over the past 5 years.
Debt Coverage: 6LQ0's debt is well covered by operating cash flow (652.4%).
Interest Coverage: 6LQ0 earns more interest than it pays, so coverage of interest payments is not a concern.