Civitas Resources Balance Sheet Health
Financial Health criteria checks 2/6
Civitas Resources has a total shareholder equity of $6.7B and total debt of $4.8B, which brings its debt-to-equity ratio to 72.6%. Its total assets and total liabilities are $15.0B and $8.3B respectively. Civitas Resources's EBIT is $1.7B making its interest coverage ratio 4.1. It has cash and short-term investments of $47.1M.
Key information
72.6%
Debt to equity ratio
US$4.84b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$47.08m |
| Equity | US$6.67b |
| Total liabilities | US$8.34b |
| Total assets | US$15.01b |
Recent financial health updates
Civitas Resources (NYSE:CIVI) Takes On Some Risk With Its Use Of Debt
Nov 03
Is Civitas Resources (NYSE:CIVI) Using Too Much Debt?
Apr 15Civitas Resources (NYSE:CIVI) Takes On Some Risk With Its Use Of Debt
Dec 04Does Civitas Resources (NYSE:CIVI) Have A Healthy Balance Sheet?
Aug 31Recent updates
Civitas Resources (NYSE:CIVI) Takes On Some Risk With Its Use Of Debt
Nov 03Civitas Resources: A Strategic Growth And Value Play Opportunity
Oct 15Civitas Resources Stock: Substantial Upside Potential
Sep 19Investors Aren't Entirely Convinced By Civitas Resources, Inc.'s (NYSE:CIVI) Earnings
Sep 02Civitas Resources, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
Aug 04Civitas Resources: M&A Driven Growth, And Very Undervalued
Jul 18Civitas Resources, Inc.'s (NYSE:CIVI) Intrinsic Value Is Potentially 42% Above Its Share Price
Jul 12Civitas Resources: The Acquisitions Continue
May 21Take Care Before Diving Into The Deep End On Civitas Resources, Inc. (NYSE:CIVI)
May 03Is Civitas Resources (NYSE:CIVI) Using Too Much Debt?
Apr 15Civitas Resources, Inc.'s (NYSE:CIVI) Intrinsic Value Is Potentially 99% Above Its Share Price
Mar 24Civitas Resources, Inc. (NYSE:CIVI) Screens Well But There Might Be A Catch
Dec 27Civitas: Higher For Longer
Dec 17Civitas Resources (NYSE:CIVI) Takes On Some Risk With Its Use Of Debt
Dec 04Civitas Resources Bolsters Its Permian Position With Low-Priced Acquisition
Oct 05Does Civitas Resources (NYSE:CIVI) Have A Healthy Balance Sheet?
Aug 31Civitas Resources, Inc. (NYSE:CIVI) Shares Could Be 37% Below Their Intrinsic Value Estimate
Aug 10Civitas Resources: Essential Basin Diversification
Aug 02We Ran A Stock Scan For Earnings Growth And Civitas Resources (NYSE:CIVI) Passed With Ease
Jun 23Civitas Leaps Into The Permian Basin With $4.7 Billion Double Splash
Jun 21Financial Position Analysis
Short Term Liabilities: CIVI's short term assets ($959.6M) do not cover its short term liabilities ($2.1B).
Long Term Liabilities: CIVI's short term assets ($959.6M) do not cover its long term liabilities ($6.2B).
Debt to Equity History and Analysis
Debt Level: CIVI's net debt to equity ratio (71.9%) is considered high.
Reducing Debt: CIVI's debt to equity ratio has increased from 8.5% to 72.6% over the past 5 years.
Debt Coverage: CIVI's debt is well covered by operating cash flow (58.9%).
Interest Coverage: CIVI's interest payments on its debt are well covered by EBIT (4.1x coverage).