Blue Dolphin Energy Balance Sheet Health
Financial Health criteria checks 3/6
Blue Dolphin Energy has a total shareholder equity of $36.9M and total debt of $46.8M, which brings its debt-to-equity ratio to 126.9%. Its total assets and total liabilities are $102.3M and $65.4M respectively. Blue Dolphin Energy's EBIT is $8.7M making its interest coverage ratio 1.5. It has cash and short-term investments of $908.0K.
Key information
126.9%
Debt to equity ratio
US$46.80m
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$908.00k |
| Equity | US$36.87m |
| Total liabilities | US$65.41m |
| Total assets | US$102.28m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BDCO's short term assets ($45.3M) exceed its short term liabilities ($35.4M).
Long Term Liabilities: BDCO's short term assets ($45.3M) exceed its long term liabilities ($30.0M).
Debt to Equity History and Analysis
Debt Level: BDCO's net debt to equity ratio (124.5%) is considered high.
Reducing Debt: BDCO's debt to equity ratio has reduced from 13981.7% to 126.9% over the past 5 years.
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 not well covered by EBIT (1.5x coverage).