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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 01:31 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| 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
Greenfire Resources Ltd. is covered by 3 analysts. 0 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 |
|---|---|
| Randy Ollenberger | BMO Capital Markets Equity Research |
| Tariq Saad | BMO Capital Markets Equity Research |
| null null | Peters & Co. Limited |