Athabasca Oil Balance Sheet Health
Financial Health criteria checks 6/6
Athabasca Oil has a total shareholder equity of CA$1.7B and total debt of CA$186.8M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are CA$2.2B and CA$542.5M respectively. Athabasca Oil's EBIT is CA$283.8M making its interest coverage ratio 15.5. It has cash and short-term investments of CA$306.5M.
Key information
11.2%
Debt to equity ratio
CA$186.77m
Debt
Interest coverage ratio | 15.5x |
Cash | CA$306.50m |
Equity | CA$1.67b |
Total liabilities | CA$542.54m |
Total assets | CA$2.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATHO.F's short term assets (CA$483.6M) exceed its short term liabilities (CA$212.7M).
Long Term Liabilities: ATHO.F's short term assets (CA$483.6M) exceed its long term liabilities (CA$329.8M).
Debt to Equity History and Analysis
Debt Level: ATHO.F has more cash than its total debt.
Reducing Debt: ATHO.F's debt to equity ratio has reduced from 48.6% to 11.2% over the past 5 years.
Debt Coverage: ATHO.F's debt is well covered by operating cash flow (193.6%).
Interest Coverage: ATHO.F's interest payments on its debt are well covered by EBIT (15.5x coverage).