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PDC Energy Balance Sheet Health
Financial Health criteria checks 4/6
PDC Energy has a total shareholder equity of $4.4B and total debt of $1.5B, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are $8.4B and $3.9B respectively. PDC Energy's EBIT is $2.5B making its interest coverage ratio 36.2. It has cash and short-term investments of $10.2M.
Key information
34.1%
Debt to equity ratio
US$1.51b
Debt
| Interest coverage ratio | 36.2x |
| Cash | US$10.20m |
| Equity | US$4.42b |
| Total liabilities | US$3.94b |
| Total assets | US$8.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PD3's short term assets ($582.0M) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: PD3's short term assets ($582.0M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: PD3's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: PD3's debt to equity ratio has reduced from 50.4% to 34.1% over the past 5 years.
Debt Coverage: PD3's debt is well covered by operating cash flow (158.4%).
Interest Coverage: PD3's interest payments on its debt are well covered by EBIT (36.2x coverage).