Ensign Energy Services Balance Sheet Health
Financial Health criteria checks 2/6
Ensign Energy Services has a total shareholder equity of CA$1.3B and total debt of CA$1.1B, which brings its debt-to-equity ratio to 82.1%. Its total assets and total liabilities are CA$2.9B and CA$1.6B respectively. Ensign Energy Services's EBIT is CA$124.2M making its interest coverage ratio 1.1. It has cash and short-term investments of CA$24.5M.
Key information
82.1%
Debt to equity ratio
CA$1.09b
Debt
| Interest coverage ratio | 1.1x |
| Cash | CA$24.52m |
| Equity | CA$1.33b |
| Total liabilities | CA$1.56b |
| Total assets | CA$2.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESVI.F's short term assets (CA$392.2M) do not cover its short term liabilities (CA$400.4M).
Long Term Liabilities: ESVI.F's short term assets (CA$392.2M) do not cover its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: ESVI.F's net debt to equity ratio (80.3%) is considered high.
Reducing Debt: ESVI.F's debt to equity ratio has reduced from 104.8% to 82.1% over the past 5 years.
Debt Coverage: ESVI.F's debt is well covered by operating cash flow (40.3%).
Interest Coverage: ESVI.F's interest payments on its debt are not well covered by EBIT (1.1x coverage).