Gear Energy Balance Sheet Health
Financial Health criteria checks 5/6
Gear Energy has a total shareholder equity of CA$236.7M and total debt of CA$21.2M, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are CA$338.8M and CA$102.1M respectively.
Key information
8.9%
Debt to equity ratio
CA$21.16m
Debt
Interest coverage ratio | 12.7x |
Cash | n/a |
Equity | CA$236.74m |
Total liabilities | CA$102.08m |
Total assets | CA$338.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GENG.F's short term assets (CA$21.9M) exceed its short term liabilities (CA$21.1M).
Long Term Liabilities: GENG.F's short term assets (CA$21.9M) do not cover its long term liabilities (CA$81.0M).
Debt to Equity History and Analysis
Debt Level: GENG.F's net debt to equity ratio (8.9%) is considered satisfactory.
Reducing Debt: GENG.F's debt to equity ratio has reduced from 48.3% to 8.9% over the past 5 years.
Debt Coverage: GENG.F's debt is well covered by operating cash flow (300.6%).
Interest Coverage: GENG.F's interest payments on its debt are well covered by EBIT (12.7x coverage).