Brooge Energy Limited

NasdaqCM:BROG Stock Report

Market Cap: US$191.8m

Brooge Energy Balance Sheet Health

Financial Health criteria checks 3/6

Brooge Energy has a total shareholder equity of $142.5M and total debt of $167.7M, which brings its debt-to-equity ratio to 117.7%. Its total assets and total liabilities are $506.7M and $364.2M respectively. Brooge Energy's EBIT is $68.8M making its interest coverage ratio 3.3. It has cash and short-term investments of $3.7M.

Key information

117.7%

Debt to equity ratio

US$167.68m

Debt

Interest coverage ratio3.3x
CashUS$3.70m
EquityUS$142.46m
Total liabilitiesUS$364.22m
Total assetsUS$506.69m

Recent financial health updates

Recent updates

Returns On Capital At Brooge Energy (NASDAQ:BROG) Paint A Concerning Picture

Aug 19
Returns On Capital At Brooge Energy (NASDAQ:BROG) Paint A Concerning Picture

Here's What's Concerning About Brooge Energy's (NASDAQ:BROG) Returns On Capital

Mar 04
Here's What's Concerning About Brooge Energy's (NASDAQ:BROG) Returns On Capital

Brooge Energy, A Tollbooth At The Hormuz Chokepoint: A Midstream Stock You Do Not Want To Miss

Nov 03

Be Wary Of Brooge Energy (NASDAQ:BROG) And Its Returns On Capital

Oct 21
Be Wary Of Brooge Energy (NASDAQ:BROG) And Its Returns On Capital

Is Brooge Energy (NASDAQ:BROG) Using Too Much Debt?

Sep 16
Is Brooge Energy (NASDAQ:BROG) Using Too Much Debt?

Brooge Energy (NASDAQ:BROG) Seems To Be Using A Lot Of Debt

Jun 09
Brooge Energy (NASDAQ:BROG) Seems To Be Using A Lot Of Debt

Brooge Energy's (NASDAQ:BROG) Solid Earnings May Rest On Weak Foundations

Apr 14
Brooge Energy's (NASDAQ:BROG) Solid Earnings May Rest On Weak Foundations

The Trends At Brooge Energy (NASDAQ:BROG) That You Should Know About

Mar 14
The Trends At Brooge Energy (NASDAQ:BROG) That You Should Know About

Brooge Energy (NASDAQ:BROG) Shareholders Have Enjoyed A 22% Share Price Gain

Jan 20
Brooge Energy (NASDAQ:BROG) Shareholders Have Enjoyed A 22% Share Price Gain

Brooge Energy’s subsidiary signs two new oil storage contracts

Dec 16

Brooge Energy reports 1H results

Nov 30

Here's Why Brooge Energy (NASDAQ:BROG) Has A Meaningful Debt Burden

Nov 29
Here's Why Brooge Energy (NASDAQ:BROG) Has A Meaningful Debt Burden

Financial Position Analysis

Short Term Liabilities: BROG's short term assets ($30.3M) do not cover its short term liabilities ($273.3M).

Long Term Liabilities: BROG's short term assets ($30.3M) do not cover its long term liabilities ($91.0M).

Debt to Equity History and Analysis

Debt Level: BROG's net debt to equity ratio (115.1%) is considered high.

Reducing Debt: BROG's debt to equity ratio has reduced from 150.7% to 117.7% over the past 5 years.

Debt Coverage: BROG's debt is well covered by operating cash flow (25.8%).

Interest Coverage: BROG's interest payments on its debt are well covered by EBIT (3.3x coverage).

Balance Sheet

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