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 ratio | 12x |
Cash | US$636.00k |
Equity | US$3.86m |
Total liabilities | US$7.98m |
Total assets | US$11.84m |
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).