Petrus Resources Balance Sheet Health
Financial Health criteria checks 3/6
Petrus Resources has a total shareholder equity of CA$306.5M and total debt of CA$58.9M, which brings its debt-to-equity ratio to 19.2%. Its total assets and total liabilities are CA$427.6M and CA$121.1M respectively. Petrus Resources's EBIT is CA$12.7M making its interest coverage ratio 2.6. It has cash and short-term investments of CA$2.1M.
Key information
19.2%
Debt to equity ratio
CA$58.92m
Debt
Interest coverage ratio | 2.6x |
Cash | CA$2.06m |
Equity | CA$306.48m |
Total liabilities | CA$121.09m |
Total assets | CA$427.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTRU.F's short term assets (CA$21.1M) do not cover its short term liabilities (CA$61.1M).
Long Term Liabilities: PTRU.F's short term assets (CA$21.1M) do not cover its long term liabilities (CA$60.0M).
Debt to Equity History and Analysis
Debt Level: PTRU.F's net debt to equity ratio (18.6%) is considered satisfactory.
Reducing Debt: PTRU.F's debt to equity ratio has reduced from 96.6% to 19.2% over the past 5 years.
Debt Coverage: PTRU.F's debt is well covered by operating cash flow (134.5%).
Interest Coverage: PTRU.F's interest payments on its debt are not well covered by EBIT (2.6x coverage).