Canadian Overseas Petroleum Limited

DB:V9L Stock Report

Market Cap: €12.7m

Canadian Overseas Petroleum Balance Sheet Health

Financial Health criteria checks 2/6

Canadian Overseas Petroleum has a total shareholder equity of $22.8M and total debt of $55.5M, which brings its debt-to-equity ratio to 243.5%. Its total assets and total liabilities are $114.8M and $92.0M respectively.

Key information

243.5%

Debt to equity ratio

US$55.54m

Debt

Interest coverage ration/a
CashUS$2.18m
EquityUS$22.81m
Total liabilitiesUS$92.02m
Total assetsUS$114.83m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: V9L's short term assets ($3.9M) do not cover its short term liabilities ($20.5M).

Long Term Liabilities: V9L's short term assets ($3.9M) do not cover its long term liabilities ($71.6M).


Debt to Equity History and Analysis

Debt Level: V9L's net debt to equity ratio (234%) is considered high.

Reducing Debt: V9L's debt to equity ratio has increased from 0% to 243.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: V9L has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: V9L is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


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