Petrus Resources Balance Sheet Health
Financial Health criteria checks 4/6
Petrus Resources has a total shareholder equity of CA$309.9M and total debt of CA$60.3M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are CA$421.2M and CA$111.3M respectively. Petrus Resources's EBIT is CA$30.0M making its interest coverage ratio 5.1. It has cash and short-term investments of CA$2.0M.
Key information
19.4%
Debt to equity ratio
CA$60.25m
Debt
| Interest coverage ratio | 5.1x |
| Cash | CA$2.03m |
| Equity | CA$309.87m |
| Total liabilities | CA$111.33m |
| Total assets | CA$421.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6P4's short term assets (CA$20.3M) do not cover its short term liabilities (CA$48.5M).
Long Term Liabilities: 6P4's short term assets (CA$20.3M) do not cover its long term liabilities (CA$62.9M).
Debt to Equity History and Analysis
Debt Level: 6P4's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: 6P4's debt to equity ratio has reduced from 113.5% to 19.4% over the past 5 years.
Debt Coverage: 6P4's debt is well covered by operating cash flow (115.3%).
Interest Coverage: 6P4's interest payments on its debt are well covered by EBIT (5.1x coverage).