Emerald Oil Industries Balance Sheet Health
Financial Health criteria checks 1/6
Emerald Oil Industries has a total shareholder equity of BDT-793.9M and total debt of BDT992.7M, which brings its debt-to-equity ratio to -125%. Its total assets and total liabilities are BDT856.0M and BDT1.6B respectively. Emerald Oil Industries's EBIT is BDT173.8M making its interest coverage ratio -3863.9. It has cash and short-term investments of BDT15.0M.
Key information
-125.0%
Debt to equity ratio
৳992.69m
Debt
Interest coverage ratio | -3863.9x |
Cash | ৳15.03m |
Equity | -৳793.87m |
Total liabilities | ৳1.65b |
Total assets | ৳856.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMERALDOIL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: EMERALDOIL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: EMERALDOIL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: EMERALDOIL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: EMERALDOIL's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: EMERALDOIL earns more interest than it pays, so coverage of interest payments is not a concern.