Greenfire Resources Balance Sheet Health
Financial Health criteria checks 3/6
Greenfire Resources has a total shareholder equity of CA$695.0M and total debt of CA$376.4M, which brings its debt-to-equity ratio to 54.2%. Its total assets and total liabilities are CA$1.2B and CA$478.5M respectively. Greenfire Resources's EBIT is CA$66.0M making its interest coverage ratio 0.6. It has cash and short-term investments of CA$109.5M.
Key information
54.2%
Debt to equity ratio
CA$376.35m
Debt
| Interest coverage ratio | 0.6x |
| Cash | CA$109.53m |
| Equity | CA$695.00m |
| Total liabilities | CA$478.48m |
| Total assets | CA$1.17b |
Financial Position Analysis
Short Term Liabilities: GFR's short term assets (CA$163.8M) exceed its short term liabilities (CA$130.3M).
Long Term Liabilities: GFR's short term assets (CA$163.8M) do not cover its long term liabilities (CA$348.2M).
Debt to Equity History and Analysis
Debt Level: GFR's net debt to equity ratio (38.4%) 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 (23%).
Interest Coverage: GFR's interest payments on its debt are not well covered by EBIT (0.6x coverage).