Advantage Energy Balance Sheet Health
Financial Health criteria checks 3/6
Advantage Energy has a total shareholder equity of CA$1.6B and total debt of CA$386.8M, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are CA$2.3B and CA$785.2M respectively. Advantage Energy's EBIT is CA$168.1M making its interest coverage ratio 5.5. It has cash and short-term investments of CA$19.1M.
Key information
24.8%
Debt to equity ratio
CA$386.81m
Debt
Interest coverage ratio | 5.5x |
Cash | CA$19.09m |
Equity | CA$1.56b |
Total liabilities | CA$785.20m |
Total assets | CA$2.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9SA0's short term assets (CA$112.8M) do not cover its short term liabilities (CA$156.7M).
Long Term Liabilities: 9SA0's short term assets (CA$112.8M) do not cover its long term liabilities (CA$628.5M).
Debt to Equity History and Analysis
Debt Level: 9SA0's net debt to equity ratio (23.6%) is considered satisfactory.
Reducing Debt: 9SA0's debt to equity ratio has increased from 21.8% to 24.8% over the past 5 years.
Debt Coverage: 9SA0's debt is well covered by operating cash flow (73.6%).
Interest Coverage: 9SA0's interest payments on its debt are well covered by EBIT (5.5x coverage).