TransGlobe Energy Balance Sheet Health
Financial Health criteria checks 6/6
TransGlobe Energy has a total shareholder equity of $250.2M and total debt of $3.1M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are $354.8M and $104.6M respectively. TransGlobe Energy's EBIT is $148.3M making its interest coverage ratio 92.5. It has cash and short-term investments of $61.2M.
Key information
1.2%
Debt to equity ratio
US$3.10m
Debt
| Interest coverage ratio | 92.5x |
| Cash | US$61.18m |
| Equity | US$250.23m |
| Total liabilities | US$104.61m |
| Total assets | US$354.84m |
Recent financial health updates
Recent updates
TransGlobe Energy: The Stock Is Undervalued
Aug 31Transglobe Energy GAAP EPS of $0.44, revenue of $74.69M
Aug 10TransGlobe Energy: Forget The Merger
Jul 22TransGlobe Energy: Massive Shareholder Returns, But One Big Problem
Jul 14TransGlobe Energy: I Expect Higher Netbacks
Jun 27TransGlobe Energy: This Small Cap Oil Producer Will Continue Outperforming Peers And Large Caps
Jun 13TransGlobe Energy: Cash Flow Guidance Under The New Contract
May 19TransGlobe Energy: Passing Out The Cash
Mar 18A Big Day For TransGlobe Energy
Feb 13TransGlobe Energy: Results Come In
Jan 28TransGlobe Energy: A Case Study In Asymmetric Return Possibilities
Jan 08TransGlobe Energy: A Big Day For The Stock
Dec 24TransGlobe Energy: Results Begin To Come In
Oct 23TransGlobe Energy: New Production Ahead Of Time
Oct 01TransGlobe Energy Is On The Move
Jul 21TransGlobe Energy Is Resuming A Growth Strategy
Jul 09Transglobe Energy reports Q1 results
May 07TransGlobe Energy: New Contract With More Profits
Apr 27TransGlobe Energy receives approval for listing transfer to capital market; granted additional 180-day period for regaining listing compliance
Dec 31TransGlobe Energy: The Egyptian Solution
Dec 09A Look At TransGlobe Energy's (NASDAQ:TGA) Share Price Returns
Dec 08
TransGlobe Energy rockets on merger, extension of Eastern Desert Concessions
Dec 03TransGlobe Energy: Clipping Coupons
Nov 01Financial Position Analysis
Short Term Liabilities: TGA's short term assets ($141.3M) exceed its short term liabilities ($62.7M).
Long Term Liabilities: TGA's short term assets ($141.3M) exceed its long term liabilities ($42.0M).
Debt to Equity History and Analysis
Debt Level: TGA has more cash than its total debt.
Reducing Debt: TGA's debt to equity ratio has reduced from 38.8% to 1.2% over the past 5 years.
Debt Coverage: TGA's debt is well covered by operating cash flow (1401%).
Interest Coverage: TGA's interest payments on its debt are well covered by EBIT (92.5x coverage).