Advantage Energy Balance Sheet Health
Financial Health criteria checks 2/6
Advantage Energy has a total shareholder equity of CA$1.6B and total debt of CA$759.5M, which brings its debt-to-equity ratio to 46.9%. Its total assets and total liabilities are CA$2.8B and CA$1.2B respectively. Advantage Energy's EBIT is CA$120.4M making its interest coverage ratio 3. It has cash and short-term investments of CA$12.2M.
Key information
46.9%
Debt to equity ratio
CA$759.46m
Debt
| Interest coverage ratio | 3x |
| Cash | CA$12.21m |
| Equity | CA$1.62b |
| Total liabilities | CA$1.23b |
| Total assets | CA$2.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9SA0's short term assets (CA$142.1M) do not cover its short term liabilities (CA$188.9M).
Long Term Liabilities: 9SA0's short term assets (CA$142.1M) do not cover its long term liabilities (CA$1.0B).
Debt to Equity History and Analysis
Debt Level: 9SA0's net debt to equity ratio (46.2%) is considered high.
Reducing Debt: 9SA0's debt to equity ratio has increased from 20.9% to 46.9% over the past 5 years.
Debt Coverage: 9SA0's debt is well covered by operating cash flow (32.9%).
Interest Coverage: 9SA0's interest payments on its debt are well covered by EBIT (3x coverage).