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).