Ensign Energy Services Balance Sheet Health
Financial Health criteria checks 3/6
Ensign Energy Services has a total shareholder equity of CA$1.3B and total debt of CA$1.2B, which brings its debt-to-equity ratio to 92.5%. Its total assets and total liabilities are CA$2.9B and CA$1.6B respectively. Ensign Energy Services's EBIT is CA$180.5M making its interest coverage ratio 1.3. It has cash and short-term investments of CA$20.5M.
Key information
92.5%
Debt to equity ratio
CA$1.21b
Debt
Interest coverage ratio | 1.3x |
Cash | CA$20.50m |
Equity | CA$1.31b |
Total liabilities | CA$1.64b |
Total assets | CA$2.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESVI.F's short term assets (CA$381.9M) exceed its short term liabilities (CA$366.1M).
Long Term Liabilities: ESVI.F's short term assets (CA$381.9M) do not cover its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: ESVI.F's net debt to equity ratio (90.9%) is considered high.
Reducing Debt: ESVI.F's debt to equity ratio has reduced from 95.6% to 92.5% over the past 5 years.
Debt Coverage: ESVI.F's debt is well covered by operating cash flow (40.7%).
Interest Coverage: ESVI.F's interest payments on its debt are not well covered by EBIT (1.3x coverage).