Stampede Drilling Balance Sheet Health
Financial Health criteria checks 4/6
Stampede Drilling has a total shareholder equity of CA$91.3M and total debt of CA$18.2M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are CA$117.9M and CA$26.6M respectively. Stampede Drilling's EBIT is CA$11.4M making its interest coverage ratio 5.5. It has cash and short-term investments of CA$2.4M.
Key information
20.0%
Debt to equity ratio
CA$18.25m
Debt
| Interest coverage ratio | 5.5x |
| Cash | CA$2.41m |
| Equity | CA$91.35m |
| Total liabilities | CA$26.56m |
| Total assets | CA$117.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STPD.F's short term assets (CA$11.8M) exceed its short term liabilities (CA$9.1M).
Long Term Liabilities: STPD.F's short term assets (CA$11.8M) do not cover its long term liabilities (CA$17.4M).
Debt to Equity History and Analysis
Debt Level: STPD.F's net debt to equity ratio (17.3%) is considered satisfactory.
Reducing Debt: STPD.F's debt to equity ratio has increased from 16.8% to 20% over the past 5 years.
Debt Coverage: STPD.F's debt is well covered by operating cash flow (143%).
Interest Coverage: STPD.F's interest payments on its debt are well covered by EBIT (5.5x coverage).