Empyrean Energy Balance Sheet Health

Financial Health criteria checks 2/6

Empyrean Energy has a total shareholder equity of $3.9M and total debt of $5.6M, which brings its debt-to-equity ratio to 145.7%. Its total assets and total liabilities are $11.8M and $8.0M respectively. Empyrean Energy's EBIT is $21.3M making its interest coverage ratio 12. It has cash and short-term investments of $636.0K.

Key information

145.7%

Debt to equity ratio

US$5.62m

Debt

Interest coverage ratio12x
CashUS$636.00k
EquityUS$3.86m
Total liabilitiesUS$7.98m
Total assetsUS$11.84m

Recent financial health updates

Recent updates

We're Not Worried About Empyrean Energy's (LON:EME) Cash Burn

Feb 01
We're Not Worried About Empyrean Energy's (LON:EME) Cash Burn

We're Keeping An Eye On Empyrean Energy's (LON:EME) Cash Burn Rate

Apr 10
We're Keeping An Eye On Empyrean Energy's (LON:EME) Cash Burn Rate

Here's Why We're Watching Empyrean Energy's (LON:EME) Cash Burn Situation

Dec 26
Here's Why We're Watching Empyrean Energy's (LON:EME) Cash Burn Situation

Financial Position Analysis

Short Term Liabilities: EME's short term assets ($660.0K) do not cover its short term liabilities ($8.0M).

Long Term Liabilities: EME has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: EME's net debt to equity ratio (129.2%) is considered high.

Reducing Debt: EME's debt to equity ratio has increased from 13.1% to 145.7% over the past 5 years.

Debt Coverage: EME's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: EME's interest payments on its debt are well covered by EBIT (12x coverage).


Balance Sheet


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