Civitas Resources Balance Sheet Health
Financial Health criteria checks 2/6
Civitas Resources has a total shareholder equity of $6.6B and total debt of $4.4B, which brings its debt-to-equity ratio to 66.9%. Its total assets and total liabilities are $15.1B and $8.4B respectively. Civitas Resources's EBIT is $1.3B making its interest coverage ratio 5.2. It has cash and short-term investments of $52.1M.
Key information
66.9%
Debt to equity ratio
US$4.44b
Debt
Interest coverage ratio | 5.2x |
Cash | US$52.07m |
Equity | US$6.63b |
Total liabilities | US$8.45b |
Total assets | US$15.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B2C's short term assets ($954.9M) do not cover its short term liabilities ($2.6B).
Long Term Liabilities: B2C's short term assets ($954.9M) do not cover its long term liabilities ($5.9B).
Debt to Equity History and Analysis
Debt Level: B2C's net debt to equity ratio (66.1%) is considered high.
Reducing Debt: B2C's debt to equity ratio has increased from 7.6% to 66.9% over the past 5 years.
Debt Coverage: B2C's debt is well covered by operating cash flow (56.6%).
Interest Coverage: B2C's interest payments on its debt are well covered by EBIT (5.2x coverage).