SeaBird Exploration Balance Sheet Health
Financial Health criteria checks 3/6
SeaBird Exploration has a total shareholder equity of $28.8M and total debt of $16.1M, which brings its debt-to-equity ratio to 55.8%. Its total assets and total liabilities are $55.5M and $26.7M respectively. SeaBird Exploration's EBIT is $4.5M making its interest coverage ratio 1.8. It has cash and short-term investments of $2.2M.
Key information
55.8%
Debt to equity ratio
US$16.06m
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$2.18m |
| Equity | US$28.81m |
| Total liabilities | US$26.73m |
| Total assets | US$55.54m |
Recent financial health updates
Recent updates
One SeaBird Exploration Plc (OB:SBX) Analyst Just Cut Their EPS Forecasts
May 22
Loss-Making SeaBird Exploration Plc (OB:SBX) Expected To Breakeven In The Medium-Term
Mar 15One SeaBird Exploration Plc (OB:SBX) Analyst Just Slashed Their Estimates By A Notable 15%
Feb 05
A Look At The Fair Value Of SeaBird Exploration Plc (OB:SBX)
Feb 03Would SeaBird Exploration (OB:SBX) Be Better Off With Less Debt?
Dec 31Financial Position Analysis
Short Term Liabilities: SBX's short term assets ($16.2M) exceed its short term liabilities ($13.5M).
Long Term Liabilities: SBX's short term assets ($16.2M) exceed its long term liabilities ($13.2M).
Debt to Equity History and Analysis
Debt Level: SBX's net debt to equity ratio (48.2%) is considered high.
Reducing Debt: SBX's debt to equity ratio has increased from 13.2% to 55.8% over the past 5 years.
Debt Coverage: SBX's debt is well covered by operating cash flow (49.2%).
Interest Coverage: SBX's interest payments on its debt are not well covered by EBIT (1.8x coverage).