EnQuest Balance Sheet Health

Financial Health criteria checks 3/6

EnQuest has a total shareholder equity of $485.5M and total debt of $652.3M, which brings its debt-to-equity ratio to 134.3%. Its total assets and total liabilities are $3.6B and $3.1B respectively. EnQuest's EBIT is $442.7M making its interest coverage ratio 3.4. It has cash and short-term investments of $337.3M.

Key information

134.3%

Debt to equity ratio

US$652.26m

Debt

Interest coverage ratio3.4x
CashUS$337.32m
EquityUS$485.49m
Total liabilitiesUS$3.10b
Total assetsUS$3.59b

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 3EQ's short term assets ($615.4M) do not cover its short term liabilities ($806.6M).

Long Term Liabilities: 3EQ's short term assets ($615.4M) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: 3EQ's net debt to equity ratio (64.9%) is considered high.

Reducing Debt: 3EQ's debt to equity ratio has reduced from 172.4% to 134.3% over the past 5 years.

Debt Coverage: 3EQ's debt is well covered by operating cash flow (108.4%).

Interest Coverage: 3EQ's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Discover healthy companies