PrairieSky Royalty Balance Sheet Health
Financial Health criteria checks 3/6
PrairieSky Royalty has a total shareholder equity of CA$2.7B and total debt of CA$102.3M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CA$3.2B and CA$471.2M respectively.
Key information
3.7%
Debt to equity ratio
CA$102.30m
Debt
| Interest coverage ratio | 22.1x |
| Cash | n/a |
| Equity | CA$2.74b |
| Total liabilities | CA$471.20m |
| Total assets | CA$3.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PREK.F's short term assets (CA$62.5M) do not cover its short term liabilities (CA$212.1M).
Long Term Liabilities: PREK.F's short term assets (CA$62.5M) do not cover its long term liabilities (CA$259.1M).
Debt to Equity History and Analysis
Debt Level: PREK.F's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: PREK.F's debt to equity ratio has increased from 0.2% to 3.7% over the past 5 years.
Debt Coverage: PREK.F's debt is well covered by operating cash flow (407.2%).
Interest Coverage: PREK.F's interest payments on its debt are well covered by EBIT (22.1x coverage).