Canadian Overseas Petroleum Limited

DB:V9L Stock Report

Market Cap: €12.7m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

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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