Geo Energy Resources Balance Sheet Health
Financial Health criteria checks 4/6
Geo Energy Resources has a total shareholder equity of $504.6M and total debt of $225.7M, which brings its debt-to-equity ratio to 44.7%. Its total assets and total liabilities are $905.4M and $400.9M respectively. Geo Energy Resources's EBIT is $45.2M making its interest coverage ratio 10.6. It has cash and short-term investments of $184.6M.
Key information
44.7%
Debt to equity ratio
US$225.75m
Debt
Interest coverage ratio | 10.6x |
Cash | US$184.62m |
Equity | US$504.56m |
Total liabilities | US$400.88m |
Total assets | US$905.44m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRYR.F's short term assets ($310.5M) exceed its short term liabilities ($73.9M).
Long Term Liabilities: GRYR.F's short term assets ($310.5M) do not cover its long term liabilities ($326.9M).
Debt to Equity History and Analysis
Debt Level: GRYR.F's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: GRYR.F's debt to equity ratio has reduced from 176% to 44.7% over the past 5 years.
Debt Coverage: GRYR.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GRYR.F's interest payments on its debt are well covered by EBIT (10.6x coverage).