Calfrac Well Services Balance Sheet Health
Financial Health criteria checks 4/6
Calfrac Well Services has a total shareholder equity of CA$643.8M and total debt of CA$350.0M, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are CA$1.3B and CA$653.7M respectively. Calfrac Well Services's EBIT is CA$84.3M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$17.7M.
Key information
54.4%
Debt to equity ratio
CA$349.96m
Debt
| Interest coverage ratio | 2.8x |
| Cash | CA$17.68m |
| Equity | CA$643.78m |
| Total liabilities | CA$653.68m |
| Total assets | CA$1.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CFWF.F's short term assets (CA$581.8M) exceed its short term liabilities (CA$261.2M).
Long Term Liabilities: CFWF.F's short term assets (CA$581.8M) exceed its long term liabilities (CA$392.5M).
Debt to Equity History and Analysis
Debt Level: CFWF.F's net debt to equity ratio (51.6%) is considered high.
Reducing Debt: CFWF.F's debt to equity ratio has reduced from 234% to 54.4% over the past 5 years.
Debt Coverage: CFWF.F's debt is well covered by operating cash flow (46.9%).
Interest Coverage: CFWF.F's interest payments on its debt are not well covered by EBIT (2.8x coverage).