Secure Energy Services Balance Sheet Health
Financial Health criteria checks 6/6
Secure Energy Services has a total shareholder equity of CA$1.5B and total debt of CA$294.0M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are CA$2.6B and CA$1.2B respectively. Secure Energy Services's EBIT is CA$336.0M making its interest coverage ratio 4.3. It has cash and short-term investments of CA$264.0M.
Key information
20.0%
Debt to equity ratio
CA$294.00m
Debt
Interest coverage ratio | 4.3x |
Cash | CA$264.00m |
Equity | CA$1.47b |
Total liabilities | CA$1.18b |
Total assets | CA$2.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SEP's short term assets (CA$1.1B) exceed its short term liabilities (CA$634.0M).
Long Term Liabilities: SEP's short term assets (CA$1.1B) exceed its long term liabilities (CA$543.0M).
Debt to Equity History and Analysis
Debt Level: SEP's net debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: SEP's debt to equity ratio has reduced from 48.4% to 20% over the past 5 years.
Debt Coverage: SEP's debt is well covered by operating cash flow (116%).
Interest Coverage: SEP's interest payments on its debt are well covered by EBIT (4.3x coverage).