Greenfire Resources Balance Sheet Health
Financial Health criteria checks 2/6
Greenfire Resources has a total shareholder equity of CA$742.4M and total debt of CA$308.6M, which brings its debt-to-equity ratio to 41.6%. Its total assets and total liabilities are CA$1.2B and CA$421.4M respectively. Greenfire Resources's EBIT is CA$126.3M making its interest coverage ratio 2. It has cash and short-term investments of CA$37.7M.
Key information
41.6%
Debt to equity ratio
CA$308.56m
Debt
| Interest coverage ratio | 2x |
| Cash | CA$37.71m |
| Equity | CA$742.38m |
| Total liabilities | CA$421.38m |
| Total assets | CA$1.16b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: GFR's short term assets (CA$118.4M) do not cover its short term liabilities (CA$176.6M).
Long Term Liabilities: GFR's short term assets (CA$118.4M) do not cover its long term liabilities (CA$244.7M).
Debt to Equity History and Analysis
Debt Level: GFR's net debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GFR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GFR's debt is well covered by operating cash flow (35.6%).
Interest Coverage: GFR's interest payments on its debt are not well covered by EBIT (2x coverage).