Civitas Resources Balance Sheet Health
Financial Health criteria checks 3/6
Civitas Resources has a total shareholder equity of $6.2B and total debt of $4.8B, which brings its debt-to-equity ratio to 77.4%. Its total assets and total liabilities are $14.1B and $7.9B respectively. Civitas Resources's EBIT is $1.2B making its interest coverage ratio 8.3. It has cash and short-term investments of $1.1B.
Key information
77.4%
Debt to equity ratio
US$4.79b
Debt
| Interest coverage ratio | 8.3x |
| Cash | US$1.12b |
| Equity | US$6.18b |
| Total liabilities | US$7.92b |
| Total assets | US$14.10b |
Recent financial health updates
Is Civitas Resources (NYSE:CIVI) Using Too Much Debt?
Apr 15
Civitas Resources (NYSE:CIVI) Takes On Some Risk With Its Use Of Debt
Dec 04Does Civitas Resources (NYSE:CIVI) Have A Healthy Balance Sheet?
Aug 31These 4 Measures Indicate That Civitas Resources (NYSE:CIVI) Is Using Debt Safely
May 23Does Civitas Resources (NYSE:CIVI) Have A Healthy Balance Sheet?
Feb 17Is Civitas Resources (NYSE:CIVI) Using Too Much Debt?
Nov 17Recent updates
Is 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 21These 4 Measures Indicate That Civitas Resources (NYSE:CIVI) Is Using Debt Safely
May 23Civitas Resources: Predictable Performance And Low Valuation Make It A Target
May 23Calculating The Intrinsic Value Of Civitas Resources, Inc. (NYSE:CIVI)
May 08Here's Why We Think Civitas Resources (NYSE:CIVI) Might Deserve Your Attention Today
Mar 20Civitas Resources Q4 2022 Earnings Preview
Feb 21Does Civitas Resources (NYSE:CIVI) Have A Healthy Balance Sheet?
Feb 17David Einhorn's Greenlight drops Intel, Rivian stakes, boosts Global Payments
Feb 14Civitas Resources: Capable Of Generating Strong FCF In 2023 Despite Weaker Natural Gas Prices
Feb 07A Look At The Intrinsic Value Of Civitas Resources, Inc. (NYSE:CIVI)
Feb 02Civitas Resources to repurchase $300M of stock from CPP Investments
Jan 24Here's Why We Think Civitas Resources (NYSE:CIVI) Might Deserve Your Attention Today
Dec 19Civitas Resources goes ex-dividend tomorrow
Dec 13Is Civitas Resources (NYSE:CIVI) Using Too Much Debt?
Nov 17Civitas Resources Non-GAAP EPS of $3.56 beats by $0.04, revenue of $1B beats by $122.05M
Oct 31Civitas Resources May Offer A 10+% Yield In 2023
Oct 12Civitas Resources: A Colorado Producer On Dividend Steroids
Sep 05Is Civitas Resources, Inc. (NYSE:CIVI) Trading At A 47% Discount?
Sep 01Civitas: A Pure Play With High Cash-Flow Makes A Strong Buy Case
Aug 24Financial Position Analysis
Short Term Liabilities: CIVI's short term assets ($2.1B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: CIVI's short term assets ($2.1B) do not cover its long term liabilities ($6.1B).
Debt to Equity History and Analysis
Debt Level: CIVI's net debt to equity ratio (59.2%) is considered high.
Reducing Debt: CIVI's debt to equity ratio has increased from 5.8% to 77.4% over the past 5 years.
Debt Coverage: CIVI's debt is well covered by operating cash flow (46.8%).
Interest Coverage: CIVI's interest payments on its debt are well covered by EBIT (8.3x coverage).