Gran Tierra Energy Balance Sheet Health
Financial Health criteria checks 2/6
Gran Tierra Energy has a total shareholder equity of $420.9M and total debt of $722.9M, which brings its debt-to-equity ratio to 171.8%. Its total assets and total liabilities are $1.5B and $1.1B respectively. Gran Tierra Energy's EBIT is $152.1M making its interest coverage ratio 2.1. It has cash and short-term investments of $277.6M.
Key information
171.8%
Debt to equity ratio
US$722.91m
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$277.65m |
| Equity | US$420.87m |
| Total liabilities | US$1.11b |
| Total assets | US$1.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTE's short term assets ($345.9M) exceed its short term liabilities ($263.5M).
Long Term Liabilities: GTE's short term assets ($345.9M) do not cover its long term liabilities ($849.0M).
Debt to Equity History and Analysis
Debt Level: GTE's net debt to equity ratio (105.8%) is considered high.
Reducing Debt: GTE's debt to equity ratio has increased from 63.2% to 171.8% over the past 5 years.
Debt Coverage: GTE's debt is well covered by operating cash flow (39.2%).
Interest Coverage: GTE's interest payments on its debt are not well covered by EBIT (2.1x coverage).