Horizon Oil Balance Sheet Health
Financial Health criteria checks 6/6
Horizon Oil has a total shareholder equity of $91.7M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $174.9M and $83.2M respectively. Horizon Oil's EBIT is $57.9M making its interest coverage ratio 56.8. It has cash and short-term investments of $45.1M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 56.8x |
Cash | US$45.07m |
Equity | US$91.71m |
Total liabilities | US$83.19m |
Total assets | US$174.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HZNF.F's short term assets ($68.1M) exceed its short term liabilities ($22.4M).
Long Term Liabilities: HZNF.F's short term assets ($68.1M) exceed its long term liabilities ($60.8M).
Debt to Equity History and Analysis
Debt Level: HZNF.F is debt free.
Reducing Debt: HZNF.F has no debt compared to 5 years ago when its debt to equity ratio was 65%.
Debt Coverage: HZNF.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HZNF.F has no debt, therefore coverage of interest payments is not a concern.