ShaMaran Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
ShaMaran Petroleum has a total shareholder equity of $139.4M and total debt of $255.5M, which brings its debt-to-equity ratio to 183.2%. Its total assets and total liabilities are $450.4M and $311.0M respectively. ShaMaran Petroleum's EBIT is $6.6M making its interest coverage ratio 0.2. It has cash and short-term investments of $48.9M.
Key information
183.2%
Debt to equity ratio
US$255.47m
Debt
Interest coverage ratio | 0.2x |
Cash | US$48.88m |
Equity | US$139.43m |
Total liabilities | US$310.98m |
Total assets | US$450.41m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNM's short term assets ($112.7M) exceed its short term liabilities ($71.7M).
Long Term Liabilities: SNM's short term assets ($112.7M) do not cover its long term liabilities ($239.3M).
Debt to Equity History and Analysis
Debt Level: SNM's net debt to equity ratio (148.2%) is considered high.
Reducing Debt: SNM's debt to equity ratio has increased from 153.5% to 183.2% 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 SNM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SNM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.9% per year.