PrairieSky Royalty Balance Sheet Health
Financial Health criteria checks 3/6
PrairieSky Royalty has a total shareholder equity of CA$2.8B and total debt of CA$147.4M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CA$3.3B and CA$506.1M respectively.
Key information
5.4%
Debt to equity ratio
CA$147.40m
Debt
Interest coverage ratio | 20.3x |
Cash | n/a |
Equity | CA$2.75b |
Total liabilities | CA$506.10m |
Total assets | CA$3.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PREK.F's short term assets (CA$74.4M) do not cover its short term liabilities (CA$249.0M).
Long Term Liabilities: PREK.F's short term assets (CA$74.4M) do not cover its long term liabilities (CA$257.1M).
Debt to Equity History and Analysis
Debt Level: PREK.F's net debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: PREK.F's debt to equity ratio has increased from 0.3% to 5.4% over the past 5 years.
Debt Coverage: PREK.F's debt is well covered by operating cash flow (261.3%).
Interest Coverage: PREK.F's interest payments on its debt are well covered by EBIT (20.3x coverage).