Saturn Oil & Gas Balance Sheet Health
Financial Health criteria checks 1/6
Saturn Oil & Gas has a total shareholder equity of CA$608.7M and total debt of CA$452.2M, which brings its debt-to-equity ratio to 74.3%. Its total assets and total liabilities are CA$1.3B and CA$726.6M respectively. Saturn Oil & Gas's EBIT is CA$255.0M making its interest coverage ratio 2.7. It has cash and short-term investments of CA$43.2M.
Key information
74.3%
Debt to equity ratio
CA$452.24m
Debt
Interest coverage ratio | 2.7x |
Cash | CA$43.17m |
Equity | CA$608.66m |
Total liabilities | CA$726.55m |
Total assets | CA$1.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMKA's short term assets (CA$130.7M) do not cover its short term liabilities (CA$390.4M).
Long Term Liabilities: SMKA's short term assets (CA$130.7M) do not cover its long term liabilities (CA$336.1M).
Debt to Equity History and Analysis
Debt Level: SMKA's net debt to equity ratio (67.2%) is considered high.
Reducing Debt: SMKA's debt to equity ratio has increased from 63.5% to 74.3% over the past 5 years.
Debt Coverage: SMKA's debt is well covered by operating cash flow (62.8%).
Interest Coverage: SMKA's interest payments on its debt are not well covered by EBIT (2.7x coverage).