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 $490.2M making its interest coverage ratio 3.6. 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 | 3.6x |
| Cash | US$313.57m |
| Equity | US$456.73m |
| Total liabilities | US$3.31b |
| Total assets | US$3.77b |
Recent financial health updates
Is EnQuest (LON:ENQ) Using Too Much Debt?
Nov 08
Here's Why EnQuest (LON:ENQ) Has A Meaningful Debt Burden
Apr 28Recent updates
Is EnQuest PLC (LON:ENQ) Trading At A 46% Discount?
Feb 22Is EnQuest (LON:ENQ) Using Too Much Debt?
Nov 08Need To Know: Analysts Just Made A Substantial Cut To Their EnQuest PLC (LON:ENQ) Estimates
May 26Here's Why EnQuest (LON:ENQ) Has A Meaningful Debt Burden
Apr 28EnQuest's (LON:ENQ) Stock Price Has Reduced 51% In The Past Three Years
Feb 17
What Kind Of Shareholders Own EnQuest PLC (LON:ENQ)?
Jan 13How Much Is EnQuest PLC (LON:ENQ) CEO Getting Paid?
Dec 09Financial Position Analysis
Short Term Liabilities: ENQ's short term assets ($739.9M) do not cover its short term liabilities ($846.7M).
Long Term Liabilities: ENQ's short term assets ($739.9M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: ENQ's net debt to equity ratio (101.1%) is considered high.
Reducing Debt: ENQ'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 ENQ has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ENQ 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.