Block Energy Balance Sheet Health
Financial Health criteria checks 3/6
Block Energy has a total shareholder equity of $27.3M and total debt of $1.9M, which brings its debt-to-equity ratio to 7.1%. Its total assets and total liabilities are $32.1M and $4.8M respectively.
Key information
7.1%
Debt to equity ratio
US$1.94m
Debt
Interest coverage ratio | n/a |
Cash | US$882.00k |
Equity | US$27.26m |
Total liabilities | US$4.84m |
Total assets | US$32.10m |
Financial Position Analysis
Short Term Liabilities: BLOE's short term assets ($6.9M) exceed its short term liabilities ($2.9M).
Long Term Liabilities: BLOE's short term assets ($6.9M) exceed its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: BLOE's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: BLOE's debt to equity ratio has increased from 0.6% to 7.1% 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: Insufficient data to determine if BLOE has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if BLOE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.