Copperbelt Energy Balance Sheet Health
Financial Health criteria checks 5/6
Copperbelt Energy has a total shareholder equity of $415.8M and total debt of $69.0M, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are $675.6M and $259.9M respectively. Copperbelt Energy's EBIT is $247.6M making its interest coverage ratio -34.6. It has cash and short-term investments of $108.9M.
Key information
16.6%
Debt to equity ratio
US$68.98m
Debt
Interest coverage ratio | -34.6x |
Cash | US$108.89m |
Equity | US$415.76m |
Total liabilities | US$259.87m |
Total assets | US$675.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CEC's short term assets ($179.9M) exceed its short term liabilities ($42.5M).
Long Term Liabilities: CEC's short term assets ($179.9M) do not cover its long term liabilities ($217.4M).
Debt to Equity History and Analysis
Debt Level: CEC has more cash than its total debt.
Reducing Debt: CEC's debt to equity ratio has reduced from 21.9% to 16.6% over the past 5 years.
Debt Coverage: CEC's debt is well covered by operating cash flow (117.2%).
Interest Coverage: CEC earns more interest than it pays, so coverage of interest payments is not a concern.