Zenith Energy Balance Sheet Health
Financial Health criteria checks 1/6
Zenith Energy has a total shareholder equity of CA$83.7M and total debt of CA$40.0M, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are CA$261.7M and CA$178.0M respectively.
Key information
47.8%
Debt to equity ratio
CA$39.99m
Debt
Interest coverage ratio | n/a |
Cash | CA$843.00k |
Equity | CA$83.71m |
Total liabilities | CA$177.99m |
Total assets | CA$261.70m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ZEN's short term assets (CA$36.3M) exceed its short term liabilities (CA$31.2M).
Long Term Liabilities: ZEN's short term assets (CA$36.3M) do not cover its long term liabilities (CA$146.8M).
Debt to Equity History and Analysis
Debt Level: ZEN's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: ZEN's debt to equity ratio has increased from 0.9% to 47.8% over the past 5 years.
Debt Coverage: ZEN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ZEN's interest payments on its debt are well covered by EBIT.