Suncor Energy Balance Sheet Health
Financial Health criteria checks 5/6
Suncor Energy has a total shareholder equity of CA$44.3B and total debt of CA$12.0B, which brings its debt-to-equity ratio to 27.1%. Its total assets and total liabilities are CA$89.2B and CA$44.9B respectively. Suncor Energy's EBIT is CA$9.4B making its interest coverage ratio 18.1. It has cash and short-term investments of CA$2.5B.
Key information
27.1%
Debt to equity ratio
CA$12.02b
Debt
Interest coverage ratio | 18.1x |
Cash | CA$2.46b |
Equity | CA$44.31b |
Total liabilities | CA$44.92b |
Total assets | CA$89.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUU N's short term assets (CA$14.9B) exceed its short term liabilities (CA$9.8B).
Long Term Liabilities: SUU N's short term assets (CA$14.9B) do not cover its long term liabilities (CA$35.1B).
Debt to Equity History and Analysis
Debt Level: SUU N's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: SUU N's debt to equity ratio has reduced from 36.5% to 27.1% over the past 5 years.
Debt Coverage: SUU N's debt is well covered by operating cash flow (117.3%).
Interest Coverage: SUU N's interest payments on its debt are well covered by EBIT (18.1x coverage).