Cardinal Energy Balance Sheet Health
Financial Health criteria checks 4/6
Cardinal Energy has a total shareholder equity of CA$920.7M and total debt of CA$44.9M, which brings its debt-to-equity ratio to 4.9%. Its total assets and total liabilities are CA$1.2B and CA$267.2M respectively. Cardinal Energy's EBIT is CA$147.1M making its interest coverage ratio 10.2. It has cash and short-term investments of CA$4.1M.
Key information
4.9%
Debt to equity ratio
CA$44.92m
Debt
Interest coverage ratio | 10.2x |
Cash | CA$4.09m |
Equity | CA$920.69m |
Total liabilities | CA$267.16m |
Total assets | CA$1.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRLF.F's short term assets (CA$57.4M) do not cover its short term liabilities (CA$106.5M).
Long Term Liabilities: CRLF.F's short term assets (CA$57.4M) do not cover its long term liabilities (CA$160.6M).
Debt to Equity History and Analysis
Debt Level: CRLF.F's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: CRLF.F's debt to equity ratio has reduced from 32.8% to 4.9% over the past 5 years.
Debt Coverage: CRLF.F's debt is well covered by operating cash flow (512.6%).
Interest Coverage: CRLF.F's interest payments on its debt are well covered by EBIT (10.2x coverage).