Crescent Energy Balance Sheet Health
Financial Health criteria checks 2/6
Crescent Energy has a total shareholder equity of $3.6B and total debt of $1.7B, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are $6.8B and $3.2B respectively. Crescent Energy's EBIT is $501.6M making its interest coverage ratio 3.4. It has cash and short-term investments of $3.0M.
Key information
46.6%
Debt to equity ratio
US$1.69b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$2.97m |
| Equity | US$3.64b |
| Total liabilities | US$3.17b |
| Total assets | US$6.80b |
Recent financial health updates
Recent updates
Results: Crescent Energy Company Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 07
Crescent Energy: The Beginning Of A Lot Of Potential Gains
Mar 06Here's Why Crescent Energy (NYSE:CRGY) Is Weighed Down By Its Debt Load
Feb 22Crescent Energy Company's (NYSE:CRGY) Shares Not Telling The Full Story
Jan 05Crescent Energy: Recent Acquisitions And Efficiency Efforts Imply A Cheap Valuation
Dec 30Crescent Energy: Let's Make A Deal
Oct 12Crescent Energy: Curling Higher, With Cash Dividends + ROIC In Situ, Rating Buy
Sep 11Investors Aren't Buying Crescent Energy Company's (NYSE:CRGY) Earnings
Jul 12Crescent Energy: Catching Up
Jun 22Crescent Energy dips on $400M senior notes offering
Jan 25Crescent Energy: How To Handle More Public Shares
Dec 19Crescent Energy: Buy Good Management
Oct 09Crescent Energy: Now With A 5% Dividend Yield
Sep 25Crescent Energy prices 5M shares public offering
Sep 08Crescent Energy: Growth Through Acquisition
Sep 02Statutory Profit Doesn't Reflect How Good Crescent Energy's (NYSE:CRGY) Earnings Are
Aug 17Crescent Energy Company GAAP EPS of $1.30 beats by $0.08, revenue of $908.43M
Aug 09Crescent Energy: It Is Showtime
Jul 22Crescent Energy: With Risks, But Also Drilling Opportunities
Jul 12Financial Position Analysis
Short Term Liabilities: CRGY's short term assets ($615.7M) do not cover its short term liabilities ($750.3M).
Long Term Liabilities: CRGY's short term assets ($615.7M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: CRGY's net debt to equity ratio (46.5%) is considered high.
Reducing Debt: Insufficient data to determine if CRGY's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CRGY's debt is well covered by operating cash flow (55.2%).
Interest Coverage: CRGY's interest payments on its debt are well covered by EBIT (3.4x coverage).