Suncor Energy Balance Sheet Health
Financial Health criteria checks 5/6
Suncor Energy has a total shareholder equity of CA$44.5B and total debt of CA$11.4B, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are CA$90.4B and CA$45.9B respectively. Suncor Energy's EBIT is CA$9.8B making its interest coverage ratio 21.7. It has cash and short-term investments of CA$2.4B.
Key information
25.7%
Debt to equity ratio
CA$11.43b
Debt
| Interest coverage ratio | 21.7x |
| Cash | CA$2.37b |
| Equity | CA$44.50b |
| Total liabilities | CA$45.89b |
| Total assets | CA$90.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SM3's short term assets (CA$15.3B) exceed its short term liabilities (CA$10.5B).
Long Term Liabilities: SM3's short term assets (CA$15.3B) do not cover its long term liabilities (CA$35.4B).
Debt to Equity History and Analysis
Debt Level: SM3's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: SM3's debt to equity ratio has reduced from 33.4% to 25.7% over the past 5 years.
Debt Coverage: SM3's debt is well covered by operating cash flow (132.3%).
Interest Coverage: SM3's interest payments on its debt are well covered by EBIT (21.7x coverage).