Secure Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
Secure Energy Services has a total shareholder equity of CA$1.1B and total debt of CA$385.0M, which brings its debt-to-equity ratio to 36.6%. Its total assets and total liabilities are CA$2.2B and CA$1.1B respectively. Secure Energy Services's EBIT is CA$313.0M making its interest coverage ratio 5.4. It has cash and short-term investments of CA$19.0M.
Key information
36.6%
Debt to equity ratio
CA$385.00m
Debt
| Interest coverage ratio | 5.4x |
| Cash | CA$19.00m |
| Equity | CA$1.05b |
| Total liabilities | CA$1.13b |
| Total assets | CA$2.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SECY.F's short term assets (CA$585.0M) exceed its short term liabilities (CA$517.0M).
Long Term Liabilities: SECY.F's short term assets (CA$585.0M) do not cover its long term liabilities (CA$616.0M).
Debt to Equity History and Analysis
Debt Level: SECY.F's net debt to equity ratio (34.8%) is considered satisfactory.
Reducing Debt: SECY.F's debt to equity ratio has reduced from 54% to 36.6% over the past 5 years.
Debt Coverage: SECY.F's debt is well covered by operating cash flow (98.4%).
Interest Coverage: SECY.F's interest payments on its debt are well covered by EBIT (5.4x coverage).