Hammerhead Energy Balance Sheet Health
Financial Health criteria checks 3/6
Hammerhead Energy has a total shareholder equity of CA$1.4B and total debt of CA$338.2M, which brings its debt-to-equity ratio to 24.2%. Its total assets and total liabilities are CA$2.0B and CA$575.4M respectively. Hammerhead Energy's EBIT is CA$320.6M making its interest coverage ratio 10. It has cash and short-term investments of CA$7.1M.
Key information
24.2%
Debt to equity ratio
CA$338.19m
Debt
| Interest coverage ratio | 10x |
| Cash | CA$7.08m |
| Equity | CA$1.40b |
| Total liabilities | CA$575.35m |
| Total assets | CA$1.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HHRS's short term assets (CA$116.1M) do not cover its short term liabilities (CA$134.7M).
Long Term Liabilities: HHRS's short term assets (CA$116.1M) do not cover its long term liabilities (CA$440.6M).
Debt to Equity History and Analysis
Debt Level: HHRS's net debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HHRS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HHRS's debt is well covered by operating cash flow (115.2%).
Interest Coverage: HHRS's interest payments on its debt are well covered by EBIT (10x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/22 17:55 |
| End of Day Share Price | 2023/12/20 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
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 here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Hammerhead Energy Inc. is covered by 8 analysts. 2 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 |
|---|---|
| Patrick O'Rourke | ATB Capital Markets |
| Michael Murphy | BMO Capital Markets Equity Research |
| Randy Ollenberger | BMO Capital Markets Equity Research |