Blue Dolphin Energy Balance Sheet Health
Financial Health criteria checks 4/6
Blue Dolphin Energy has a total shareholder equity of $48.2M and total debt of $48.2M, which brings its debt-to-equity ratio to 99.9%. Its total assets and total liabilities are $108.5M and $60.3M respectively. Blue Dolphin Energy's EBIT is $29.4M making its interest coverage ratio 5. It has cash and short-term investments of $11.2M.
Key information
99.9%
Debt to equity ratio
US$48.20m
Debt
Interest coverage ratio | 5x |
Cash | US$11.23m |
Equity | US$48.22m |
Total liabilities | US$60.26m |
Total assets | US$108.48m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BDCO's short term assets ($52.8M) exceed its short term liabilities ($52.5M).
Long Term Liabilities: BDCO's short term assets ($52.8M) exceed its long term liabilities ($7.7M).
Debt to Equity History and Analysis
Debt Level: BDCO's net debt to equity ratio (76.7%) is considered high.
Reducing Debt: BDCO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: BDCO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BDCO's interest payments on its debt are well covered by EBIT (5x coverage).