Cardinal Energy Balance Sheet Health
Financial Health criteria checks 4/6
Cardinal Energy has a total shareholder equity of CA$918.4M and total debt of CA$69.1M, which brings its debt-to-equity ratio to 7.5%. Its total assets and total liabilities are CA$1.3B and CA$332.2M respectively. Cardinal Energy's EBIT is CA$149.5M making its interest coverage ratio 23.3. It has cash and short-term investments of CA$7.2M.
Key information
7.5%
Debt to equity ratio
CA$69.13m
Debt
| Interest coverage ratio | 23.3x |
| Cash | CA$7.22m |
| Equity | CA$918.40m |
| Total liabilities | CA$332.18m |
| Total assets | CA$1.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C0Y's short term assets (CA$61.3M) do not cover its short term liabilities (CA$122.0M).
Long Term Liabilities: C0Y's short term assets (CA$61.3M) do not cover its long term liabilities (CA$210.2M).
Debt to Equity History and Analysis
Debt Level: C0Y's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: C0Y's debt to equity ratio has reduced from 31.2% to 7.5% over the past 5 years.
Debt Coverage: C0Y's debt is well covered by operating cash flow (381.5%).
Interest Coverage: C0Y's interest payments on its debt are well covered by EBIT (23.3x coverage).