Calfrac Well Services Balance Sheet Health
Financial Health criteria checks 6/6
Calfrac Well Services has a total shareholder equity of CA$615.9M and total debt of CA$250.8M, which brings its debt-to-equity ratio to 40.7%. Its total assets and total liabilities are CA$1.1B and CA$510.3M respectively. Calfrac Well Services's EBIT is CA$207.5M making its interest coverage ratio 7. It has cash and short-term investments of CA$34.1M.
Key information
40.7%
Debt to equity ratio
CA$250.78m
Debt
Interest coverage ratio | 7x |
Cash | CA$34.14m |
Equity | CA$615.90m |
Total liabilities | CA$510.29m |
Total assets | CA$1.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CFWF.F's short term assets (CA$458.0M) exceed its short term liabilities (CA$208.4M).
Long Term Liabilities: CFWF.F's short term assets (CA$458.0M) exceed its long term liabilities (CA$301.9M).
Debt to Equity History and Analysis
Debt Level: CFWF.F's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: CFWF.F's debt to equity ratio has reduced from 192.6% to 40.7% over the past 5 years.
Debt Coverage: CFWF.F's debt is well covered by operating cash flow (112.3%).
Interest Coverage: CFWF.F's interest payments on its debt are well covered by EBIT (7x coverage).