HNR Acquisition Balance Sheet Health
Financial Health criteria checks 2/6
HNR Acquisition has a total shareholder equity of $30.6M and total debt of $44.0M, which brings its debt-to-equity ratio to 143.8%. Its total assets and total liabilities are $100.7M and $70.1M respectively. HNR Acquisition's EBIT is $5.6M making its interest coverage ratio 1.5. It has cash and short-term investments of $3.5M.
Key information
143.8%
Debt to equity ratio
US$44.00m
Debt
Interest coverage ratio | 1.5x |
Cash | US$3.51m |
Equity | US$30.61m |
Total liabilities | US$70.12m |
Total assets | US$100.73m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HNRA's short term assets ($6.8M) do not cover its short term liabilities ($20.1M).
Long Term Liabilities: HNRA's short term assets ($6.8M) do not cover its long term liabilities ($50.0M).
Debt to Equity History and Analysis
Debt Level: HNRA's net debt to equity ratio (132.3%) is considered high.
Reducing Debt: Insufficient data to determine if HNRA's debt to equity ratio has reduced 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 HNRA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HNRA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.6% per year.