STEP Energy Services Balance Sheet Health
Financial Health criteria checks 6/6
STEP Energy Services has a total shareholder equity of CA$402.5M and total debt of CA$61.5M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are CA$665.4M and CA$262.9M respectively. STEP Energy Services's EBIT is CA$83.7M making its interest coverage ratio 7.3. It has cash and short-term investments of CA$1.5M.
Key information
15.3%
Debt to equity ratio
CA$61.48m
Debt
| Interest coverage ratio | 7.3x |
| Cash | CA$1.48m |
| Equity | CA$402.46m |
| Total liabilities | CA$262.91m |
| Total assets | CA$665.36m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 932's short term assets (CA$215.7M) exceed its short term liabilities (CA$155.0M).
Long Term Liabilities: 932's short term assets (CA$215.7M) exceed its long term liabilities (CA$107.9M).
Debt to Equity History and Analysis
Debt Level: 932's net debt to equity ratio (14.9%) is considered satisfactory.
Reducing Debt: 932's debt to equity ratio has reduced from 73% to 15.3% over the past 5 years.
Debt Coverage: 932's debt is well covered by operating cash flow (250.8%).
Interest Coverage: 932's interest payments on its debt are well covered by EBIT (7.3x coverage).