Callon Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
Callon Petroleum has a total shareholder equity of $4.0B and total debt of $1.9B, which brings its debt-to-equity ratio to 48.1%. Its total assets and total liabilities are $6.7B and $2.7B respectively. Callon Petroleum's EBIT is $777.4M making its interest coverage ratio 4.3. It has cash and short-term investments of $3.3M.
Key information
48.1%
Debt to equity ratio
US$1.92b
Debt
| Interest coverage ratio | 4.3x |
| Cash | US$3.33m |
| Equity | US$3.99b |
| Total liabilities | US$2.72b |
| Total assets | US$6.71b |
Recent financial health updates
Callon Petroleum (NYSE:CPE) Has A Somewhat Strained Balance Sheet
Feb 27
Callon Petroleum (NYSE:CPE) Has A Somewhat Strained Balance Sheet
Sep 05Is Callon Petroleum (NYSE:CPE) Using Too Much Debt?
Mar 28Callon Petroleum (NYSE:CPE) Takes On Some Risk With Its Use Of Debt
Nov 30Here's Why Callon Petroleum (NYSE:CPE) Has A Meaningful Debt Burden
Jul 23Callon Petroleum (NYSE:CPE) Has A Somewhat Strained Balance Sheet
Apr 07Recent updates
Callon Petroleum (NYSE:CPE) Has A Somewhat Strained Balance Sheet
Feb 27Callon Petroleum Company's (NYSE:CPE) Price Is Right But Growth Is Lacking
Dec 18Callon Petroleum: Strong Q3 Earnings In The Permian
Nov 07If EPS Growth Is Important To You, Callon Petroleum (NYSE:CPE) Presents An Opportunity
Oct 27Callon Petroleum: Acquiring Its Way Into Mediocrity
Sep 10Callon Petroleum (NYSE:CPE) Has A Somewhat Strained Balance Sheet
Sep 05Callon Petroleum: An Undervalued E&P About To Begin Rewarding Shareholders
Jul 17Do Callon Petroleum's (NYSE:CPE) Earnings Warrant Your Attention?
Jun 08Is Callon Petroleum (NYSE:CPE) Using Too Much Debt?
Mar 28Should You Be Adding Callon Petroleum (NYSE:CPE) To Your Watchlist Today?
Feb 28A Look At The Intrinsic Value Of Callon Petroleum Company (NYSE:CPE)
Dec 26Callon Petroleum (NYSE:CPE) Takes On Some Risk With Its Use Of Debt
Nov 30Callon Petroleum: Debt Maturities Look Quite Manageable
Oct 26Callon Petroleum: Some Risks But Incredible Valuation
Sep 09A Look At The Fair Value Of Callon Petroleum Company (NYSE:CPE)
Sep 05Callon Petroleum: Large Amount Of Debt Reduction Still Expected Despite Lower Strip Prices
Aug 14Here's Why Callon Petroleum (NYSE:CPE) Has A Meaningful Debt Burden
Jul 23Callon Petroleum May Be Able To Generate $2 Billion In Positive Cash Flow By The End Of 2023
Jun 14Callon Petroleum: May Be Able To Reduce Its Net Debt By 60% Over Next 2 Years
May 03Callon Petroleum (NYSE:CPE) Has A Somewhat Strained Balance Sheet
Apr 07Callon Petroleum: Net Debt May Be Reduced To Under $2 Billion By End Of 2022
Mar 01Financial Position Analysis
Short Term Liabilities: CPE's short term assets ($252.1M) do not cover its short term liabilities ($647.0M).
Long Term Liabilities: CPE's short term assets ($252.1M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: CPE's net debt to equity ratio (48%) is considered high.
Reducing Debt: CPE's debt to equity ratio has reduced from 48.6% to 48.1% over the past 5 years.
Debt Coverage: CPE's debt is well covered by operating cash flow (56.9%).
Interest Coverage: CPE's interest payments on its debt are well covered by EBIT (4.3x coverage).