Zenith Energy Balance Sheet Health
Financial Health criteria checks 0/6
Zenith Energy has a total shareholder equity of CA$50.0M and total debt of CA$41.7M, which brings its debt-to-equity ratio to 83.4%. Its total assets and total liabilities are CA$140.0M and CA$90.0M respectively.
Key information
83.4%
Debt to equity ratio
CA$41.68m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$207.00k |
| Equity | CA$49.98m |
| Total liabilities | CA$90.04m |
| Total assets | CA$140.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZCL's short term assets (CA$5.0M) do not cover its short term liabilities (CA$16.7M).
Long Term Liabilities: ZCL's short term assets (CA$5.0M) do not cover its long term liabilities (CA$73.3M).
Debt to Equity History and Analysis
Debt Level: ZCL's net debt to equity ratio (83%) is considered high.
Reducing Debt: ZCL's debt to equity ratio has increased from 2.1% to 83.4% over the past 5 years.
Debt Coverage: ZCL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ZCL's interest payments on its debt are well covered by EBIT.