Empire Energy Group Balance Sheet Health
Financial Health criteria checks 5/6
Empire Energy Group has a total shareholder equity of A$112.3M and total debt of A$8.8M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are A$171.5M and A$59.2M respectively.
Key information
7.8%
Debt to equity ratio
AU$8.77m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$13.63m |
| Equity | AU$112.30m |
| Total liabilities | AU$59.20m |
| Total assets | AU$171.50m |
Recent financial health updates
Is Empire Energy Group (ASX:EEG) Using Debt Sensibly?
Dec 05
Is Empire Energy Group (ASX:EEG) A Risky Investment?
Jun 01Is Empire Energy Group (ASX:EEG) Using Too Much Debt?
Apr 01Recent updates
Is Empire Energy Group (ASX:EEG) Using Debt Sensibly?
Dec 05Is Empire Energy Group (ASX:EEG) A Risky Investment?
Jun 01Shareholders May Be More Conservative With Empire Energy Group Limited's (ASX:EEG) CEO Compensation For Now
May 20Is Empire Energy Group (ASX:EEG) Using Too Much Debt?
Apr 01Can You Imagine How Empire Energy Group's (ASX:EEG) Shareholders Feel About The 89% Share Price Increase?
Jan 28Financial Position Analysis
Short Term Liabilities: EEG's short term assets (A$20.1M) exceed its short term liabilities (A$18.1M).
Long Term Liabilities: EEG's short term assets (A$20.1M) do not cover its long term liabilities (A$41.1M).
Debt to Equity History and Analysis
Debt Level: EEG has more cash than its total debt.
Reducing Debt: EEG's debt to equity ratio has reduced from 114% to 7.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: EEG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: EEG is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.