Essential Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
Essential Energy Services has a total shareholder equity of CA$119.0M and total debt of CA$3.1M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CA$155.7M and CA$36.7M respectively. Essential Energy Services's EBIT is CA$2.4M making its interest coverage ratio 2.6. It has cash and short-term investments of CA$1.8M.
Key information
2.6%
Debt to equity ratio
CA$3.10m
Debt
Interest coverage ratio | 2.6x |
Cash | CA$1.78m |
Equity | CA$118.99m |
Total liabilities | CA$36.66m |
Total assets | CA$155.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0UUM's short term assets (CA$73.4M) exceed its short term liabilities (CA$24.4M).
Long Term Liabilities: 0UUM's short term assets (CA$73.4M) exceed its long term liabilities (CA$12.3M).
Debt to Equity History and Analysis
Debt Level: 0UUM's net debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: 0UUM's debt to equity ratio has reduced from 19.3% to 2.6% over the past 5 years.
Debt Coverage: 0UUM's debt is well covered by operating cash flow (419.3%).
Interest Coverage: 0UUM's interest payments on its debt are not well covered by EBIT (2.6x coverage).