Greenfire Resources Balance Sheet Health
Financial Health criteria checks 2/6
Greenfire Resources has a total shareholder equity of CA$681.1M and total debt of CA$396.6M, which brings its debt-to-equity ratio to 58.2%. Its total assets and total liabilities are CA$1.2B and CA$566.0M respectively. Greenfire Resources's EBIT is CA$73.7M making its interest coverage ratio 0.6. It has cash and short-term investments of CA$160.0M.
Key information
58.2%
Debt to equity ratio
CA$396.58m
Debt
| Interest coverage ratio | 0.6x |
| Cash | CA$159.98m |
| Equity | CA$681.12m |
| Total liabilities | CA$565.99m |
| Total assets | CA$1.25b |
Financial Position Analysis
Short Term Liabilities: GFR's short term assets (CA$204.8M) do not cover its short term liabilities (CA$264.4M).
Long Term Liabilities: GFR's short term assets (CA$204.8M) do not cover its long term liabilities (CA$301.6M).
Debt to Equity History and Analysis
Debt Level: GFR's net debt to equity ratio (34.7%) 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 (42.8%).
Interest Coverage: GFR's interest payments on its debt are not well covered by EBIT (0.6x coverage).