High Arctic Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
High Arctic Energy Services has a total shareholder equity of CA$64.2M and total debt of CA$41.3M, which brings its debt-to-equity ratio to 64.3%. Its total assets and total liabilities are CA$121.0M and CA$56.8M respectively. High Arctic Energy Services's EBIT is CA$1.5M making its interest coverage ratio -0.8. It has cash and short-term investments of CA$41.1M.
Key information
64.3%
Debt to equity ratio
CA$41.28m
Debt
| Interest coverage ratio | -0.8x |
| Cash | CA$41.09m |
| Equity | CA$64.16m |
| Total liabilities | CA$56.83m |
| Total assets | CA$120.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6LQ0's short term assets (CA$96.6M) exceed its short term liabilities (CA$50.3M).
Long Term Liabilities: 6LQ0's short term assets (CA$96.6M) exceed its long term liabilities (CA$6.5M).
Debt to Equity History and Analysis
Debt Level: 6LQ0's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 6LQ0's debt to equity ratio has increased from 0% to 64.3% over the past 5 years.
Debt Coverage: 6LQ0's debt is well covered by operating cash flow (50%).
Interest Coverage: 6LQ0 earns more interest than it pays, so coverage of interest payments is not a concern.