Perpetual Energy Balance Sheet Health
Financial Health criteria checks 4/6
Perpetual Energy has a total shareholder equity of CA$121.3M and total debt of CA$35.7M, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are CA$200.0M and CA$78.6M respectively. Perpetual Energy's EBIT is CA$16.5M making its interest coverage ratio 2.9. It has cash and short-term investments of CA$19.9M.
Key information
29.4%
Debt to equity ratio
CA$35.69m
Debt
Interest coverage ratio | 2.9x |
Cash | CA$19.94m |
Equity | CA$121.33m |
Total liabilities | CA$78.63m |
Total assets | CA$199.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMGY.F's short term assets (CA$44.8M) exceed its short term liabilities (CA$28.6M).
Long Term Liabilities: PMGY.F's short term assets (CA$44.8M) do not cover its long term liabilities (CA$50.0M).
Debt to Equity History and Analysis
Debt Level: PMGY.F's net debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: PMGY.F's debt to equity ratio has reduced from 94.4% to 29.4% over the past 5 years.
Debt Coverage: PMGY.F's debt is well covered by operating cash flow (74.9%).
Interest Coverage: PMGY.F's interest payments on its debt are not well covered by EBIT (2.9x coverage).