Birchcliff Energy Balance Sheet Health
Financial Health criteria checks 3/6
Birchcliff Energy has a total shareholder equity of CA$2.2B and total debt of CA$372.1M, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are CA$3.2B and CA$951.5M respectively. Birchcliff Energy's EBIT is CA$44.9M making its interest coverage ratio 2. It has cash and short-term investments of CA$55.0K.
Key information
16.7%
Debt to equity ratio
CA$372.10m
Debt
Interest coverage ratio | 2x |
Cash | CA$55.00k |
Equity | CA$2.23b |
Total liabilities | CA$951.47m |
Total assets | CA$3.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BIRE.F's short term assets (CA$102.1M) do not cover its short term liabilities (CA$112.6M).
Long Term Liabilities: BIRE.F's short term assets (CA$102.1M) do not cover its long term liabilities (CA$838.9M).
Debt to Equity History and Analysis
Debt Level: BIRE.F's net debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: BIRE.F's debt to equity ratio has reduced from 36.9% to 16.7% over the past 5 years.
Debt Coverage: BIRE.F's debt is well covered by operating cash flow (86.1%).
Interest Coverage: BIRE.F's interest payments on its debt are not well covered by EBIT (2x coverage).