Block Energy Balance Sheet Health
Financial Health criteria checks 5/6
Block Energy has a total shareholder equity of $26.0M and total debt of $2.0M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are $29.9M and $3.9M respectively.
Key information
7.7%
Debt to equity ratio
US$2.00m
Debt
| Interest coverage ratio | n/a |
| Cash | US$656.00k |
| Equity | US$25.98m |
| Total liabilities | US$3.89m |
| Total assets | US$29.88m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BE9's short term assets ($6.2M) exceed its short term liabilities ($1.9M).
Long Term Liabilities: BE9's short term assets ($6.2M) exceed its long term liabilities ($2.0M).
Debt to Equity History and Analysis
Debt Level: BE9's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: BE9's debt to equity ratio has increased from 0% to 7.7% 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: Whilst unprofitable BE9 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BE9 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.7% per year.