Veren Balance Sheet Health
Financial Health criteria checks 3/6
Veren has a total shareholder equity of CA$6.7B and total debt of CA$2.8B, which brings its debt-to-equity ratio to 41.3%. Its total assets and total liabilities are CA$11.5B and CA$4.8B respectively. Veren's EBIT is CA$802.3M making its interest coverage ratio 3.8. It has cash and short-term investments of CA$8.2M.
Key information
41.3%
Debt to equity ratio
CA$2.78b
Debt
| Interest coverage ratio | 3.8x |
| Cash | CA$8.20m |
| Equity | CA$6.72b |
| Total liabilities | CA$4.79b |
| Total assets | CA$11.51b |
Recent financial health updates
No updates
Recent updates
Veren: Updating The Long-Term Projection - Patience Will Be Well Rewarded
Nov 25Veren: Forward Progress Now That Management Has What It Wants
Nov 02Veren: Onward To The Future
Sep 20Veren Is The Low-Cost And High-Growth Producer Your Portfolio Needs
Jul 22Crescent Point Energy Is Shifting From Transition To Growth
Mar 05Crescent Point Seems Undervalued
Feb 24Crescent Point Gets Hit On The Head With A Hammer
Jan 23Crescent Point Energy: Transition Is Finally Over
Jan 05Crescent Point Is About To Become The Second Largest Montney Producer
Nov 14Crescent Point: Running After That Untamed Ornithoid
Nov 07Crescent Point Energy: Refocus Almost Complete
Oct 13Crescent Point Energy: A Low-Cost Liquids-Rich Oil Producer With Growth Potential
Sep 05Crescent Point Energy: Growth In A No-Growth Environment
Jul 21Financial Position Analysis
Short Term Liabilities: VRN's short term assets (CA$1.1B) do not cover its short term liabilities (CA$1.2B).
Long Term Liabilities: VRN's short term assets (CA$1.1B) do not cover its long term liabilities (CA$3.6B).
Debt to Equity History and Analysis
Debt Level: VRN's net debt to equity ratio (41.2%) is considered high.
Reducing Debt: VRN's debt to equity ratio has reduced from 56% to 41.3% over the past 5 years.
Debt Coverage: VRN's debt is well covered by operating cash flow (79.6%).
Interest Coverage: VRN's interest payments on its debt are well covered by EBIT (3.8x coverage).