Civeo Balance Sheet Health
Financial Health criteria checks 6/6
Civeo has a total shareholder equity of $220.7M and total debt of $87.4M, which brings its debt-to-equity ratio to 39.6%. Its total assets and total liabilities are $423.8M and $203.0M respectively. Civeo's EBIT is $1.5M making its interest coverage ratio 0.2. It has cash and short-term investments of $28.4M.
Key information
39.58%
Debt to equity ratio
US$87.37m
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$28.37m |
| Equity | US$220.74m |
| Total liabilities | US$203.01m |
| Total assets | US$423.75m |
Recent financial health updates
Recent updates
Here's Why It's Unlikely That Civeo Corporation's (NYSE:CVEO) CEO Will See A Pay Rise This Year
May 07
Civeo Corp.: Increased Demand And Focused Strategy Offer Growth Prospects
Apr 15Civeo Corporation: This Downturn Offers A Good Buying Opportunity
Feb 04Civeo Corporation: Some Favorable Narratives, But A Challenging Q4 Beckons
Nov 14Impressive Earnings May Not Tell The Whole Story For Civeo (NYSE:CVEO)
Nov 06
Australian Growth Shines Amid Canadian Challenges While Future Valuation Concerns Persist
Nov 03 Australian growth driven by village demand and integrated services could continue, while expansion plans in integrated services aim to boost long-term revenues and margins.Civeo Corporation: Incredibly Cheap Even After Its Recent Rally
Sep 05Civeo Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 01Returns At Civeo (NYSE:CVEO) Are On The Way Up
Jul 18Civeo Corp: Still Stellar Even As Shares Lag
Jun 14Civeo Corporation: Dividend Yield, And Promising Forward EBITDA And CapEx Plans Warrant A Buy Rating
Jun 06Shareholders May Be More Conservative With Civeo Corporation's (NYSE:CVEO) CEO Compensation For Now
May 09Solid Earnings May Not Tell The Whole Story For Civeo (NYSE:CVEO)
Mar 12Civeo Corp.: Shares Aren't Even Close To Being Fairly Valued
Mar 11Civeo Corporation's (NYSE:CVEO) Prospects Need A Boost To Lift Shares
Nov 03Civeo Corporation: Another Upgrade Is Warranted
Nov 02Civeo Corp.: Attractive Even In Light Of Recent Weakness
Aug 02Does Civeo (NYSE:CVEO) Have A Healthy Balance Sheet?
Jun 16Civeo books 5-year contract for rooms and hospitality services in Australia
Jan 31Civeo gets five-year contract renewal for integrated services in Australia
Nov 15Civeo Corporation: A Great Business That Keeps Getting Better
Nov 08CVEO GAAP EPS of $0.32 misses by $0.02, revenue of $184.2M beats by $10.39M, raises FY guidance
Oct 28Financial Position Analysis
Short Term Liabilities: CVEO's short term assets ($134.4M) exceed its short term liabilities ($81.1M).
Long Term Liabilities: CVEO's short term assets ($134.4M) exceed its long term liabilities ($121.9M).
Debt to Equity History and Analysis
Debt Level: CVEO's net debt to equity ratio (26.7%) is considered satisfactory.
Reducing Debt: CVEO's debt to equity ratio has reduced from 105.4% to 39.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CVEO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CVEO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 2.1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/12 03:46 |
| End of Day Share Price | 2025/05/12 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Civeo Corporation is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dana Benner | ATB Capital Markets |
| Michael Malouf | Craig-Hallum Capital Group LLC |
| Stephen Gengaro | Loop Capital Markets |