Callon Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
Callon Petroleum has a total shareholder equity of $4.0B and total debt of $1.9B, which brings its debt-to-equity ratio to 48.1%. Its total assets and total liabilities are $6.7B and $2.7B respectively. Callon Petroleum's EBIT is $777.4M making its interest coverage ratio 4.3. It has cash and short-term investments of $3.3M.
Key information
48.1%
Debt to equity ratio
US$1.92b
Debt
Interest coverage ratio | 4.3x |
Cash | US$3.33m |
Equity | US$3.99b |
Total liabilities | US$2.72b |
Total assets | US$6.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CE51's short term assets ($252.1M) do not cover its short term liabilities ($647.0M).
Long Term Liabilities: CE51's short term assets ($252.1M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: CE51's net debt to equity ratio (48%) is considered high.
Reducing Debt: CE51's debt to equity ratio has reduced from 48.6% to 48.1% over the past 5 years.
Debt Coverage: CE51's debt is well covered by operating cash flow (56.9%).
Interest Coverage: CE51's interest payments on its debt are well covered by EBIT (4.3x coverage).