ChampionX Balance Sheet Health
Financial Health criteria checks 6/6
ChampionX has a total shareholder equity of $1.8B and total debt of $598.5M, which brings its debt-to-equity ratio to 33.3%. Its total assets and total liabilities are $3.4B and $1.6B respectively. ChampionX's EBIT is $510.1M making its interest coverage ratio 8.2. It has cash and short-term investments of $389.1M.
Key information
33.3%
Debt to equity ratio
US$598.46m
Debt
| Interest coverage ratio | 8.2x |
| Cash | US$389.11m |
| Equity | US$1.80b |
| Total liabilities | US$1.58b |
| Total assets | US$3.38b |
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 ($740.2M).
Long Term Liabilities: X9P's short term assets ($1.4B) exceed its long term liabilities ($838.5M).
Debt to Equity History and Analysis
Debt Level: X9P's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: X9P's debt to equity ratio has reduced from 56.1% to 33.3% over the past 5 years.
Debt Coverage: X9P's debt is well covered by operating cash flow (92.1%).
Interest Coverage: X9P's interest payments on its debt are well covered by EBIT (8.2x coverage).