Oil Refineries Balance Sheet Health
Financial Health criteria checks 6/6
Oil Refineries has a total shareholder equity of $1.9B and total debt of $1.2B, which brings its debt-to-equity ratio to 65.3%. Its total assets and total liabilities are $4.7B and $2.8B respectively. Oil Refineries's EBIT is $570.9M making its interest coverage ratio 6.8. It has cash and short-term investments of $831.2M.
Key information
65.3%
Debt to equity ratio
US$1.21b
Debt
| Interest coverage ratio | 6.8x |
| Cash | US$831.15m |
| Equity | US$1.86b |
| Total liabilities | US$2.80b |
| Total assets | US$4.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OILR.F's short term assets ($2.3B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: OILR.F's short term assets ($2.3B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: OILR.F's net debt to equity ratio (20.6%) is considered satisfactory.
Reducing Debt: OILR.F's debt to equity ratio has reduced from 106.7% to 65.3% over the past 5 years.
Debt Coverage: OILR.F's debt is well covered by operating cash flow (58.1%).
Interest Coverage: OILR.F's interest payments on its debt are well covered by EBIT (6.8x coverage).