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Enerplus Balance Sheet Health
Financial Health criteria checks 4/6
Enerplus has a total shareholder equity of $1.2B and total debt of $174.1M, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are $2.0B and $792.5M respectively. Enerplus's EBIT is $485.5M making its interest coverage ratio 28.9. It has cash and short-term investments of $46.4M.
Key information
14.0%
Debt to equity ratio
US$174.10m
Debt
| Interest coverage ratio | 28.9x |
| Cash | US$46.41m |
| Equity | US$1.25b |
| Total liabilities | US$792.45m |
| Total assets | US$2.04b |
Recent financial health updates
Recent updates
Enerplus Corporation: Finishes 2023 With Another Quarter Of Production Outperformance
Feb 07Enerplus Corporation: Good Company On Sale (Rating Upgrade)
Jan 18Enerplus: Excellent Q3 2023 Results (Rating Upgrade)
Nov 03Enerplus: Projected To Generate Over $250 Million In H2 2023 Free Cash Flow
Aug 24Enerplus: Strong Independent But The Focus On Buybacks Is Disappointing
Jul 24Enerplus Non-GAAP EPS of C$0.78
Feb 23Enerplus: Improved Performance And Decreasing Price Realizations
Feb 16Enerplus Corporation: More Work To Be Done
Nov 01Enerplus May Generate $1.3 Billion In Positive Cash Flow In H2 2022 And 2023
Sep 22Financial Position Analysis
Short Term Liabilities: ERF's short term assets ($314.7M) do not cover its short term liabilities ($449.6M).
Long Term Liabilities: ERF's short term assets ($314.7M) do not cover its long term liabilities ($342.9M).
Debt to Equity History and Analysis
Debt Level: ERF's net debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: ERF's debt to equity ratio has reduced from 34.8% to 14% over the past 5 years.
Debt Coverage: ERF's debt is well covered by operating cash flow (474.1%).
Interest Coverage: ERF's interest payments on its debt are well covered by EBIT (28.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/31 04:29 |
| End of Day Share Price | 2024/05/30 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Enerplus Corporation is covered by 26 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Patrick O'Rourke | ATB Capital Markets |
| Grant Hofer | Barclays |
| Gordon Tait | BMO Capital Markets Equity Research |