Keyera Balance Sheet Health
Financial Health criteria checks 3/6
Keyera has a total shareholder equity of CA$2.8B and total debt of CA$3.7B, which brings its debt-to-equity ratio to 130.5%. Its total assets and total liabilities are CA$8.6B and CA$5.8B respectively. Keyera's EBIT is CA$990.9M making its interest coverage ratio 4.7. It has cash and short-term investments of CA$31.4M.
Key information
130.5%
Debt to equity ratio
CA$3.70b
Debt
| Interest coverage ratio | 4.7x |
| Cash | CA$31.37m |
| Equity | CA$2.84b |
| Total liabilities | CA$5.79b |
| Total assets | CA$8.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: K2Y's short term assets (CA$986.4M) exceed its short term liabilities (CA$750.2M).
Long Term Liabilities: K2Y's short term assets (CA$986.4M) do not cover its long term liabilities (CA$5.0B).
Debt to Equity History and Analysis
Debt Level: K2Y's net debt to equity ratio (129.4%) is considered high.
Reducing Debt: K2Y's debt to equity ratio has increased from 90% to 130.5% over the past 5 years.
Debt Coverage: K2Y's debt is well covered by operating cash flow (31.9%).
Interest Coverage: K2Y's interest payments on its debt are well covered by EBIT (4.7x coverage).