Gibson Energy Balance Sheet Health
Financial Health criteria checks 1/6
Gibson Energy has a total shareholder equity of CA$926.5M and total debt of CA$2.5B, which brings its debt-to-equity ratio to 272.9%. Its total assets and total liabilities are CA$4.8B and CA$3.9B respectively. Gibson Energy's EBIT is CA$391.5M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$55.6M.
Key information
272.9%
Debt to equity ratio
CA$2.53b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CA$55.58m |
| Equity | CA$926.49m |
| Total liabilities | CA$3.85b |
| Total assets | CA$4.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8GB's short term assets (CA$882.5M) do not cover its short term liabilities (CA$1.3B).
Long Term Liabilities: 8GB's short term assets (CA$882.5M) do not cover its long term liabilities (CA$2.6B).
Debt to Equity History and Analysis
Debt Level: 8GB's net debt to equity ratio (266.9%) is considered high.
Reducing Debt: 8GB's debt to equity ratio has increased from 192% to 272.9% over the past 5 years.
Debt Coverage: 8GB's debt is well covered by operating cash flow (27.2%).
Interest Coverage: 8GB's interest payments on its debt are not well covered by EBIT (2.8x coverage).