STEP Energy Services Balance Sheet Health
Financial Health criteria checks 6/6
STEP Energy Services has a total shareholder equity of CA$355.5M and total debt of CA$87.9M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are CA$606.5M and CA$251.0M respectively. STEP Energy Services's EBIT is CA$77.8M making its interest coverage ratio 7. It has cash and short-term investments of CA$1.8M.
Key information
24.7%
Debt to equity ratio
CA$87.95m
Debt
Interest coverage ratio | 7x |
Cash | CA$1.79m |
Equity | CA$355.55m |
Total liabilities | CA$250.97m |
Total assets | CA$606.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 932's short term assets (CA$154.7M) exceed its short term liabilities (CA$112.6M).
Long Term Liabilities: 932's short term assets (CA$154.7M) exceed its long term liabilities (CA$138.4M).
Debt to Equity History and Analysis
Debt Level: 932's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: 932's debt to equity ratio has reduced from 52.7% to 24.7% over the past 5 years.
Debt Coverage: 932's debt is well covered by operating cash flow (195.1%).
Interest Coverage: 932's interest payments on its debt are well covered by EBIT (7x coverage).