Gran Tierra Energy Balance Sheet Health
Financial Health criteria checks 2/6
Gran Tierra Energy has a total shareholder equity of $396.4M and total debt of $528.6M, which brings its debt-to-equity ratio to 133.3%. Its total assets and total liabilities are $1.3B and $929.9M respectively. Gran Tierra Energy's EBIT is $174.1M making its interest coverage ratio 3.2. It has cash and short-term investments of $62.1M.
Key information
133.3%
Debt to equity ratio
US$528.59m
Debt
Interest coverage ratio | 3.2x |
Cash | US$62.15m |
Equity | US$396.39m |
Total liabilities | US$929.90m |
Total assets | US$1.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G1P0's short term assets ($112.5M) do not cover its short term liabilities ($260.3M).
Long Term Liabilities: G1P0's short term assets ($112.5M) do not cover its long term liabilities ($669.6M).
Debt to Equity History and Analysis
Debt Level: G1P0's net debt to equity ratio (117.7%) is considered high.
Reducing Debt: G1P0's debt to equity ratio has increased from 38.8% to 133.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable G1P0 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: G1P0 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 45.6% per year.