Suncor Energy Balance Sheet Health
Financial Health criteria checks 5/6
Suncor Energy has a total shareholder equity of CA$45.1B and total debt of CA$11.0B, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are CA$90.7B and CA$45.6B respectively. Suncor Energy's EBIT is CA$10.0B making its interest coverage ratio 27.9. It has cash and short-term investments of CA$3.0B.
Key information
24.3%
Debt to equity ratio
CA$10.97b
Debt
| Interest coverage ratio | 27.9x |
| Cash | CA$3.01b |
| Equity | CA$45.08b |
| Total liabilities | CA$45.58b |
| Total assets | CA$90.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUU N's short term assets (CA$15.0B) exceed its short term liabilities (CA$9.4B).
Long Term Liabilities: SUU N's short term assets (CA$15.0B) do not cover its long term liabilities (CA$36.2B).
Debt to Equity History and Analysis
Debt Level: SUU N's net debt to equity ratio (17.7%) is considered satisfactory.
Reducing Debt: SUU N's debt to equity ratio has reduced from 32.6% to 24.3% over the past 5 years.
Debt Coverage: SUU N's debt is well covered by operating cash flow (138.5%).
Interest Coverage: SUU N's interest payments on its debt are well covered by EBIT (27.9x coverage).