Obsidian Energy Balance Sheet Health
Financial Health criteria checks 4/6
Obsidian Energy has a total shareholder equity of CA$1.6B and total debt of CA$277.6M, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are CA$2.3B and CA$669.7M respectively. Obsidian Energy's EBIT is CA$153.9M making its interest coverage ratio 5. It has cash and short-term investments of CA$300.0K.
Key information
16.9%
Debt to equity ratio
CA$277.60m
Debt
Interest coverage ratio | 5x |
Cash | CA$300.00k |
Equity | CA$1.65b |
Total liabilities | CA$669.70m |
Total assets | CA$2.32b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OBE's short term assets (CA$106.1M) do not cover its short term liabilities (CA$235.9M).
Long Term Liabilities: OBE's short term assets (CA$106.1M) do not cover its long term liabilities (CA$433.8M).
Debt to Equity History and Analysis
Debt Level: OBE's net debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: OBE's debt to equity ratio has reduced from 25.2% to 16.9% over the past 5 years.
Debt Coverage: OBE's debt is well covered by operating cash flow (122%).
Interest Coverage: OBE's interest payments on its debt are well covered by EBIT (5x coverage).