Altima Energy Inc

Altima Energy Inc has a negative equity position of CAD -9,826,190 and a debt-to-equity ratio of -0.16, indicating a capital structure heavily reliant on debt financing. The company's liquidity is constrained, with a current ratio of 0.09, suggesting limited short-term liquidity to cover immediate obligations [doc:ARH.V-2026-04-01]. The company's profitability is negative, with a net loss of CAD 2,044,880 and an operating loss of CAD 2,233,050. Its return on assets is -0.3171, and return on equity is 0.2081, which is below the typical performance of the Oil & Gas Exploration and Production industry. These metrics indicate that the company is not generating sufficient returns to cover its asset base or equity [doc:ARH.V-2026-04-01]. Altima Energy Inc's operations are concentrated in Alberta, with Central Alberta focused on light oil and Northwest Alberta on sweet natural gas. The company's revenue is derived from these two primary regions, with an additional 800 acres of unallocated land. This geographic concentration increases exposure to regional market conditions and regulatory changes [doc:ARH.V-2026-04-01]. The company's growth trajectory is uncertain, with a net loss and negative operating cash flow of CAD -178,980. Capital expenditures of CAD -522,590 suggest ongoing investment in operations, but the lack of positive cash flow from operations raises concerns about the sustainability of these investments. The company's future revenue growth is not clearly defined in the provided data [doc:ARH.V-2026-04-01]. Risk factors include medium liquidity risk due to a current ratio of 0.09 and a negative net cash position after subtracting total debt. The company has a low dilution risk, with no significant dilution potential identified. However, the negative equity position and reliance on debt financing could increase financial risk in the event of a downturn [doc:ARH.V-2026-04-01]. Recent events include the company's continued operations in Alberta, with a focus on light oil and sweet natural gas. No recent filings or transcripts are provided that indicate significant changes in strategy or operations. The company's financial performance remains a concern, with ongoing losses and negative cash flows [doc:ARH.V-2026-04-01].