Tamarack Valley Energy Balance Sheet Health
Financial Health criteria checks 2/6
Tamarack Valley Energy has a total shareholder equity of CA$2.1B and total debt of CA$948.9M, which brings its debt-to-equity ratio to 45.2%. Its total assets and total liabilities are CA$4.1B and CA$2.0B respectively. Tamarack Valley Energy's EBIT is CA$353.0M making its interest coverage ratio 3.5. It has cash and short-term investments of CA$246.0K.
Key information
45.2%
Debt to equity ratio
CA$948.88m
Debt
Interest coverage ratio | 3.5x |
Cash | CA$246.00k |
Equity | CA$2.10b |
Total liabilities | CA$2.02b |
Total assets | CA$4.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9TA1's short term assets (CA$181.2M) do not cover its short term liabilities (CA$269.8M).
Long Term Liabilities: 9TA1's short term assets (CA$181.2M) do not cover its long term liabilities (CA$1.7B).
Debt to Equity History and Analysis
Debt Level: 9TA1's net debt to equity ratio (45.2%) is considered high.
Reducing Debt: 9TA1's debt to equity ratio has increased from 23.4% to 45.2% over the past 5 years.
Debt Coverage: 9TA1's debt is well covered by operating cash flow (77.7%).
Interest Coverage: 9TA1's interest payments on its debt are well covered by EBIT (3.5x coverage).