Petrosea Balance Sheet Health
Financial Health criteria checks 4/6
Petrosea has a total shareholder equity of $234.5M and total debt of $195.9M, which brings its debt-to-equity ratio to 83.5%. Its total assets and total liabilities are $710.6M and $476.1M respectively. Petrosea's EBIT is $32.9M making its interest coverage ratio 1.6. It has cash and short-term investments of $44.2M.
Key information
83.5%
Debt to equity ratio
US$195.90m
Debt
Interest coverage ratio | 1.6x |
Cash | US$44.21m |
Equity | US$234.50m |
Total liabilities | US$476.12m |
Total assets | US$710.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTRO's short term assets ($300.5M) exceed its short term liabilities ($271.9M).
Long Term Liabilities: PTRO's short term assets ($300.5M) exceed its long term liabilities ($204.2M).
Debt to Equity History and Analysis
Debt Level: PTRO's net debt to equity ratio (64.7%) is considered high.
Reducing Debt: PTRO's debt to equity ratio has reduced from 100.1% to 83.5% over the past 5 years.
Debt Coverage: PTRO's debt is well covered by operating cash flow (54.5%).
Interest Coverage: PTRO's interest payments on its debt are not well covered by EBIT (1.6x coverage).