EnQuest Balance Sheet Health
Financial Health criteria checks 3/6
EnQuest has a total shareholder equity of $456.7M and total debt of $775.2M, which brings its debt-to-equity ratio to 169.7%. Its total assets and total liabilities are $3.8B and $3.3B respectively. EnQuest's EBIT is $478.6M making its interest coverage ratio 3.5. It has cash and short-term investments of $313.6M.
Key information
169.7%
Debt to equity ratio
US$775.18m
Debt
Interest coverage ratio | 3.5x |
Cash | US$313.57m |
Equity | US$456.73m |
Total liabilities | US$3.31b |
Total assets | US$3.77b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENQL's short term assets ($739.9M) do not cover its short term liabilities ($846.7M).
Long Term Liabilities: ENQL's short term assets ($739.9M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: ENQL's net debt to equity ratio (101.1%) is considered high.
Reducing Debt: ENQL's debt to equity ratio has reduced from 207.1% to 169.7% 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 ENQL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ENQL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.9% per year.