Stampede Drilling Balance Sheet Health
Financial Health criteria checks 5/6
Stampede Drilling has a total shareholder equity of CA$93.3M and total debt of CA$22.4M, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are CA$125.6M and CA$32.3M respectively. Stampede Drilling's EBIT is CA$13.7M making its interest coverage ratio 6.6. It has cash and short-term investments of CA$663.0K.
Key information
24.0%
Debt to equity ratio
CA$22.42m
Debt
Interest coverage ratio | 6.6x |
Cash | CA$663.00k |
Equity | CA$93.31m |
Total liabilities | CA$32.31m |
Total assets | CA$125.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STPD.F's short term assets (CA$20.9M) exceed its short term liabilities (CA$14.4M).
Long Term Liabilities: STPD.F's short term assets (CA$20.9M) exceed its long term liabilities (CA$17.9M).
Debt to Equity History and Analysis
Debt Level: STPD.F's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: STPD.F's debt to equity ratio has increased from 23.9% to 24% over the past 5 years.
Debt Coverage: STPD.F's debt is well covered by operating cash flow (90.2%).
Interest Coverage: STPD.F's interest payments on its debt are well covered by EBIT (6.6x coverage).