NewMed Energy - Limited Partnership Balance Sheet Health
Financial Health criteria checks 4/6
NewMed Energy - Limited Partnership has a total shareholder equity of $1.7B and total debt of $1.7B, which brings its debt-to-equity ratio to 104.7%. Its total assets and total liabilities are $3.9B and $2.3B respectively. NewMed Energy - Limited Partnership's EBIT is $696.1M making its interest coverage ratio 8.6. It has cash and short-term investments of $301.5M.
Key information
104.7%
Debt to equity ratio
US$1.73b
Debt
| Interest coverage ratio | 8.6x |
| Cash | US$301.50m |
| Equity | US$1.65b |
| Total liabilities | US$2.26b |
| Total assets | US$3.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DKDR.F's short term assets ($712.9M) exceed its short term liabilities ($700.9M).
Long Term Liabilities: DKDR.F's short term assets ($712.9M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: DKDR.F's net debt to equity ratio (86.5%) is considered high.
Reducing Debt: DKDR.F's debt to equity ratio has reduced from 319.3% to 104.7% over the past 5 years.
Debt Coverage: DKDR.F's debt is well covered by operating cash flow (30.6%).
Interest Coverage: DKDR.F's interest payments on its debt are well covered by EBIT (8.6x coverage).