Vital Energy Balance Sheet Health
Financial Health criteria checks 4/6
Vital Energy has a total shareholder equity of $2.8B and total debt of $2.1B, which brings its debt-to-equity ratio to 74.9%. Its total assets and total liabilities are $5.7B and $2.9B respectively. Vital Energy's EBIT is $509.5M making its interest coverage ratio 3.1. It has cash and short-term investments of $423.3M.
Key information
74.9%
Debt to equity ratio
US$2.10b
Debt
Interest coverage ratio | 3.1x |
Cash | US$423.33m |
Equity | US$2.80b |
Total liabilities | US$2.86b |
Total assets | US$5.66b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8LP1's short term assets ($745.9M) exceed its short term liabilities ($609.3M).
Long Term Liabilities: 8LP1's short term assets ($745.9M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: 8LP1's net debt to equity ratio (59.8%) is considered high.
Reducing Debt: 8LP1's debt to equity ratio has reduced from 90.8% to 74.9% over the past 5 years.
Debt Coverage: 8LP1's debt is well covered by operating cash flow (40.8%).
Interest Coverage: 8LP1's interest payments on its debt are well covered by EBIT (3.1x coverage).