Petrosea Balance Sheet Health
Financial Health criteria checks 3/6
Petrosea has a total shareholder equity of $247.2M and total debt of $234.0M, which brings its debt-to-equity ratio to 94.7%. Its total assets and total liabilities are $756.8M and $509.6M respectively. Petrosea's EBIT is $38.7M making its interest coverage ratio 1.8. It has cash and short-term investments of $73.1M.
Key information
94.7%
Debt to equity ratio
US$234.03m
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$73.08m |
| Equity | US$247.20m |
| Total liabilities | US$509.56m |
| Total assets | US$756.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTRO's short term assets ($321.4M) exceed its short term liabilities ($259.9M).
Long Term Liabilities: PTRO's short term assets ($321.4M) exceed its long term liabilities ($249.7M).
Debt to Equity History and Analysis
Debt Level: PTRO's net debt to equity ratio (65.1%) is considered high.
Reducing Debt: PTRO's debt to equity ratio has increased from 87.2% to 94.7% over the past 5 years.
Debt Coverage: PTRO's debt is well covered by operating cash flow (33.2%).
Interest Coverage: PTRO's interest payments on its debt are not well covered by EBIT (1.8x coverage).