Trinity Exploration & Production Balance Sheet Health
Financial Health criteria checks 5/6
Trinity Exploration & Production has a total shareholder equity of $56.5M and total debt of $2.0M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are $127.5M and $71.0M respectively. Trinity Exploration & Production's EBIT is $5.1M making its interest coverage ratio 32.2. It has cash and short-term investments of $11.3M.
Key information
3.5%
Debt to equity ratio
US$2.00m
Debt
Interest coverage ratio | 32.2x |
Cash | US$11.30m |
Equity | US$56.49m |
Total liabilities | US$71.01m |
Total assets | US$127.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRXE.F's short term assets ($26.2M) exceed its short term liabilities ($15.4M).
Long Term Liabilities: TRXE.F's short term assets ($26.2M) do not cover its long term liabilities ($55.6M).
Debt to Equity History and Analysis
Debt Level: TRXE.F has more cash than its total debt.
Reducing Debt: TRXE.F's debt to equity ratio has reduced from 5.2% to 3.5% over the past 5 years.
Debt Coverage: TRXE.F's debt is well covered by operating cash flow (766.7%).
Interest Coverage: TRXE.F's interest payments on its debt are well covered by EBIT (32.2x coverage).