High Arctic Energy Services Inc

OTCPK:HGHA.F Stock Report

Market Cap: US$9.9m

High Arctic Energy Services Balance Sheet Health

Financial Health criteria checks 5/6

High Arctic Energy Services has a total shareholder equity of CA$23.1M and total debt of CA$3.4M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are CA$33.0M and CA$9.9M respectively. High Arctic Energy Services's EBIT is CA$2.8M making its interest coverage ratio -2. It has cash and short-term investments of CA$4.1M.

Key information

14.7%

Debt to equity ratio

CA$3.40m

Debt

Interest coverage ratio-2x
CashCA$4.11m
EquityCA$23.08m
Total liabilitiesCA$9.89m
Total assetsCA$32.98m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: HGHA.F's short term assets (CA$8.4M) exceed its short term liabilities (CA$3.4M).

Long Term Liabilities: HGHA.F's short term assets (CA$8.4M) exceed its long term liabilities (CA$6.5M).


Debt to Equity History and Analysis

Debt Level: HGHA.F has more cash than its total debt.

Reducing Debt: HGHA.F's debt to equity ratio has increased from 0% to 14.7% over the past 5 years.

Debt Coverage: HGHA.F's debt is well covered by operating cash flow (634.1%).

Interest Coverage: HGHA.F earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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