Oil Refineries Balance Sheet Health
Financial Health criteria checks 6/6
Oil Refineries has a total shareholder equity of $1.8B and total debt of $1.3B, which brings its debt-to-equity ratio to 69.3%. Its total assets and total liabilities are $4.5B and $2.7B respectively. Oil Refineries's EBIT is $393.5M making its interest coverage ratio 4.5. It has cash and short-term investments of $596.8M.
Key information
69.3%
Debt to equity ratio
US$1.27b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$596.83m |
| Equity | US$1.83b |
| Total liabilities | US$2.66b |
| Total assets | US$4.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OILR.F's short term assets ($2.1B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: OILR.F's short term assets ($2.1B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: OILR.F's net debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: OILR.F's debt to equity ratio has reduced from 104.6% to 69.3% over the past 5 years.
Debt Coverage: OILR.F's debt is well covered by operating cash flow (47%).
Interest Coverage: OILR.F's interest payments on its debt are well covered by EBIT (4.5x coverage).