Peyto Exploration & Development Balance Sheet Health
Financial Health criteria checks 4/6
Peyto Exploration & Development has a total shareholder equity of CA$2.7B and total debt of CA$1.4B, which brings its debt-to-equity ratio to 50.5%. Its total assets and total liabilities are CA$5.4B and CA$2.7B respectively. Peyto Exploration & Development's EBIT is CA$483.6M making its interest coverage ratio 7. It has cash and short-term investments of CA$33.5M.
Key information
50.5%
Debt to equity ratio
CA$1.35b
Debt
Interest coverage ratio | 7x |
Cash | CA$33.51m |
Equity | CA$2.68b |
Total liabilities | CA$2.69b |
Total assets | CA$5.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PEYU.F's short term assets (CA$403.5M) exceed its short term liabilities (CA$260.4M).
Long Term Liabilities: PEYU.F's short term assets (CA$403.5M) do not cover its long term liabilities (CA$2.4B).
Debt to Equity History and Analysis
Debt Level: PEYU.F's net debt to equity ratio (49.2%) is considered high.
Reducing Debt: PEYU.F's debt to equity ratio has reduced from 72% to 50.5% over the past 5 years.
Debt Coverage: PEYU.F's debt is well covered by operating cash flow (48.6%).
Interest Coverage: PEYU.F's interest payments on its debt are well covered by EBIT (7x coverage).