Journey Energy Balance Sheet Health
Financial Health criteria checks 3/6
Journey Energy has a total shareholder equity of CA$316.4M and total debt of CA$60.7M, which brings its debt-to-equity ratio to 19.2%. Its total assets and total liabilities are CA$610.1M and CA$293.7M respectively. Journey Energy's EBIT is CA$27.3M making its interest coverage ratio 2.7. It has cash and short-term investments of CA$17.7M.
Key information
19.2%
Debt to equity ratio
CA$60.66m
Debt
Interest coverage ratio | 2.7x |
Cash | CA$17.72m |
Equity | CA$316.41m |
Total liabilities | CA$293.72m |
Total assets | CA$610.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JRNG.F's short term assets (CA$46.7M) do not cover its short term liabilities (CA$106.0M).
Long Term Liabilities: JRNG.F's short term assets (CA$46.7M) do not cover its long term liabilities (CA$187.7M).
Debt to Equity History and Analysis
Debt Level: JRNG.F's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: JRNG.F's debt to equity ratio has reduced from 225.8% to 19.2% over the past 5 years.
Debt Coverage: JRNG.F's debt is well covered by operating cash flow (109.9%).
Interest Coverage: JRNG.F's interest payments on its debt are not well covered by EBIT (2.7x coverage).