EnQuest Balance Sheet Health
Financial Health criteria checks 3/6
EnQuest has a total shareholder equity of $485.5M and total debt of $652.3M, which brings its debt-to-equity ratio to 134.3%. Its total assets and total liabilities are $3.6B and $3.1B respectively. EnQuest's EBIT is $442.7M making its interest coverage ratio 3.4. It has cash and short-term investments of $337.3M.
Key information
134.3%
Debt to equity ratio
US$652.26m
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$337.32m |
| Equity | US$485.49m |
| Total liabilities | US$3.10b |
| Total assets | US$3.59b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENQL's short term assets ($615.4M) do not cover its short term liabilities ($806.6M).
Long Term Liabilities: ENQL's short term assets ($615.4M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: ENQL's net debt to equity ratio (64.9%) is considered high.
Reducing Debt: ENQL's debt to equity ratio has reduced from 172.4% to 134.3% over the past 5 years.
Debt Coverage: ENQL's debt is well covered by operating cash flow (108.4%).
Interest Coverage: ENQL's interest payments on its debt are well covered by EBIT (3.4x coverage).