Empire Energy Group Balance Sheet Health
Financial Health criteria checks 6/6
Empire Energy Group has a total shareholder equity of A$147.9M and total debt of A$1.8M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are A$161.0M and A$13.0M respectively.
Key information
1.2%
Debt to equity ratio
AU$1.83m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$51.46m |
| Equity | AU$147.94m |
| Total liabilities | AU$13.03m |
| Total assets | AU$160.97m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EEG's short term assets (A$54.0M) exceed its short term liabilities (A$8.3M).
Long Term Liabilities: EEG's short term assets (A$54.0M) exceed its long term liabilities (A$4.7M).
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 172.8% to 1.2% 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 3 years based on its current free cash flow.
Forecast Cash Runway: EEG has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 28.4% each year.