Saturn Oil & Gas Balance Sheet Health
Financial Health criteria checks 3/6
Saturn Oil & Gas has a total shareholder equity of CA$837.6M and total debt of CA$840.9M, which brings its debt-to-equity ratio to 100.4%. Its total assets and total liabilities are CA$2.2B and CA$1.3B respectively. Saturn Oil & Gas's EBIT is CA$350.1M making its interest coverage ratio 4. It has cash and short-term investments of CA$142.8M.
Key information
100.4%
Debt to equity ratio
CA$840.88m
Debt
| Interest coverage ratio | 4x |
| Cash | CA$142.80m |
| Equity | CA$837.56m |
| Total liabilities | CA$1.32b |
| Total assets | CA$2.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OILS.F's short term assets (CA$247.5M) do not cover its short term liabilities (CA$291.0M).
Long Term Liabilities: OILS.F's short term assets (CA$247.5M) do not cover its long term liabilities (CA$1.0B).
Debt to Equity History and Analysis
Debt Level: OILS.F's net debt to equity ratio (83.3%) is considered high.
Reducing Debt: OILS.F's debt to equity ratio has reduced from 179% to 100.4% over the past 5 years.
Debt Coverage: OILS.F's debt is well covered by operating cash flow (35.2%).
Interest Coverage: OILS.F's interest payments on its debt are well covered by EBIT (4x coverage).