What Does Imperial Oil's Debt Look Like?
Portfolio Pulse from Benzinga Insights
Imperial Oil Inc.'s shares fell by 6.34% in the past three months. The company's total debt stands at $4.15 billion, with net debt at $1.91 billion after adjusting for $2.24 billion in cash-equivalents. The debt-ratio, a measure of financial leverage, is at 0.1 considering the company's total assets of $42.12 billion. Debt is an important factor in a company's capital structure and can help it attain growth, but it can also put the company at risk for default if interest rates increase.
July 06, 2023 | 1:15 pm
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Imperial Oil's shares have fallen and the company has a significant amount of debt. The debt-ratio of 0.1 indicates a low level of financial leverage, which could be a positive sign for investors. However, the company's reliance on debt could pose a risk if interest rates increase.
The company's shares have fallen, which could be a negative sign for investors. The debt-ratio of 0.1 indicates that the company is not heavily reliant on debt, which could be seen as a positive. However, the company's significant amount of debt could pose a risk if interest rates were to increase, potentially leading to difficulties in meeting its debt obligations.
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