Genie Energy Balance Sheet Health
Financial Health criteria checks 6/6
Genie Energy has a total shareholder equity of $184.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $330.6M and $146.0M respectively. Genie Energy's EBIT is $58.2M making its interest coverage ratio -11.7. It has cash and short-term investments of $108.0M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -11.7x |
Cash | US$108.01m |
Equity | US$184.51m |
Total liabilities | US$146.05m |
Total assets | US$330.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6GE's short term assets ($229.8M) exceed its short term liabilities ($98.3M).
Long Term Liabilities: 6GE's short term assets ($229.8M) exceed its long term liabilities ($47.8M).
Debt to Equity History and Analysis
Debt Level: 6GE is debt free.
Reducing Debt: 6GE has no debt compared to 5 years ago when its debt to equity ratio was 3.7%.
Debt Coverage: 6GE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 6GE has no debt, therefore coverage of interest payments is not a concern.