ChampionX Balance Sheet Health
Financial Health criteria checks 6/6
ChampionX has a total shareholder equity of $1.7B and total debt of $599.1M, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are $3.3B and $1.6B respectively. ChampionX's EBIT is $509.8M making its interest coverage ratio 8.2. It has cash and short-term investments of $393.3M.
Key information
34.6%
Debt to equity ratio
US$599.07m
Debt
| Interest coverage ratio | 8.2x |
| Cash | US$393.30m |
| Equity | US$1.73b |
| Total liabilities | US$1.56b |
| Total assets | US$3.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: X9P's short term assets ($1.4B) exceed its short term liabilities ($727.7M).
Long Term Liabilities: X9P's short term assets ($1.4B) exceed its long term liabilities ($832.4M).
Debt to Equity History and Analysis
Debt Level: X9P's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: X9P's debt to equity ratio has reduced from 59.1% to 34.6% over the past 5 years.
Debt Coverage: X9P's debt is well covered by operating cash flow (95.7%).
Interest Coverage: X9P's interest payments on its debt are well covered by EBIT (8.2x coverage).