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
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 ($615.4M) do not cover its short term liabilities ($806.6M).
Long Term Liabilities: ENQ's short term assets ($615.4M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: ENQ's net debt to equity ratio (64.9%) is considered high.
Reducing Debt: ENQ's debt to equity ratio has reduced from 172.4% to 134.3% over the past 5 years.
Debt Coverage: ENQ's debt is well covered by operating cash flow (108.4%).
Interest Coverage: ENQ's interest payments on its debt are well covered by EBIT (3.4x coverage).