Granite Ridge Resources Balance Sheet Health
Financial Health criteria checks 4/6
Granite Ridge Resources has a total shareholder equity of $674.0M and total debt of $137.5M, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are $966.7M and $292.7M respectively. Granite Ridge Resources's EBIT is $117.1M making its interest coverage ratio 14.4. It has cash and short-term investments of $79.0M.
Key information
20.4%
Debt to equity ratio
US$137.50m
Debt
Interest coverage ratio | 14.4x |
Cash | US$78.99m |
Equity | US$674.02m |
Total liabilities | US$292.66m |
Total assets | US$966.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Y60's short term assets ($168.9M) exceed its short term liabilities ($66.1M).
Long Term Liabilities: Y60's short term assets ($168.9M) do not cover its long term liabilities ($226.6M).
Debt to Equity History and Analysis
Debt Level: Y60's net debt to equity ratio (8.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if Y60's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: Y60's debt is well covered by operating cash flow (210.9%).
Interest Coverage: Y60's interest payments on its debt are well covered by EBIT (14.4x coverage).