Eneti Balance Sheet Health
Financial Health criteria checks 4/6
Eneti has a total shareholder equity of $671.5M and total debt of $55.3M, which brings its debt-to-equity ratio to 8.2%. Its total assets and total liabilities are $766.3M and $94.8M respectively. Eneti's EBIT is $14.2M making its interest coverage ratio -5.9. It has cash and short-term investments of $79.0M.
Key information
8.2%
Debt to equity ratio
US$55.28m
Debt
| Interest coverage ratio | -5.9x |
| Cash | US$78.99m |
| Equity | US$671.49m |
| Total liabilities | US$94.83m |
| Total assets | US$766.32m |
Recent financial health updates
Recent updates
Eneti: The Merger Looks Good, But The Offshore Wind Market Does Not
Oct 02Strong Strategic Rationale Behind Eneti's Proposed Combination With Cadeler - Buy
Jun 16Returns Are Gaining Momentum At Eneti (NYSE:NETI)
Apr 14
Eneti Inc. (NYSE:NETI) Analysts Just Cut Their EPS Forecasts
Feb 12Eneti Q4 2022 Earnings Preview
Feb 08Eneti announces contract awards for its Seajacks UK unit
Jan 24Eneti: Still Cheap, Although The Low-Hanging Fruit Is Gone
Jan 03Eneti: Set For Solid Growth Over The Next Few Years
Dec 16Eneti (NYSE:NETI) Shareholders Will Want The ROCE Trajectory To Continue
Nov 11Eneti Q3 2022 Earnings Preview
Nov 07Eneti: Scorpio Tankers Stake Sale Supports Further Share Buybacks
Sep 27Eneti repurchases stock from INCJ for $17M
Aug 31Need To Know: Analysts Are Much More Bullish On Eneti Inc. (NYSE:NETI)
Aug 06Eneti declares $0.01 dividend
Aug 03Eneti's related party purchases 153.8K shares in open market
Jul 12We Think Eneti (NYSE:NETI) Has A Fair Chunk Of Debt
Jul 05Eneti announces share purchases by Scorpio
Jul 01Eneti: Buy On Discounted Valuation, Improved Outlook, And Near-Term Catalysts
May 26Need To Know: Analysts Are Much More Bullish On Eneti Inc. (NYSE:NETI) Revenues
May 15Eneti: Discounted Play In Renewable Energy Markets
Mar 30Analysts Just Slashed Their Eneti Inc. (NYSE:NETI) Earnings Forecasts
Feb 24Eneti: New All-Time Lows After Weak Q4 Results And Conference Call
Feb 24Industry Analysts Just Made A Substantial Upgrade To Their Eneti Inc. (NYSE:NETI) Revenue Forecasts
Jan 23What Does The Future Hold For Eneti Inc. (NYSE:NETI)? These Analysts Have Been Cutting Their Estimates
Dec 16Eneti - Bargain ESG Play Hampered By Limited Visibility And Management Concerns
Dec 13Eneti: After The Share Offering
Nov 17Returns At Eneti (NYSE:NETI) Are On The Way Up
Oct 28New Forecasts: Here's What Analysts Think The Future Holds For Eneti Inc. (NYSE:NETI)
Aug 08Eneti: Attractive Risk/Reward Due To Business Transition
Jul 20Financial Position Analysis
Short Term Liabilities: NETI's short term assets ($137.9M) exceed its short term liabilities ($37.9M).
Long Term Liabilities: NETI's short term assets ($137.9M) exceed its long term liabilities ($56.9M).
Debt to Equity History and Analysis
Debt Level: NETI has more cash than its total debt.
Reducing Debt: NETI's debt to equity ratio has reduced from 82.3% to 8.2% 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: Insufficient data to determine if NETI has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NETI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.