Brooge Energy Balance Sheet Health
Financial Health criteria checks 2/6
Brooge Energy has a total shareholder equity of $53.2M and total debt of $156.1M, which brings its debt-to-equity ratio to 293.1%. Its total assets and total liabilities are $476.7M and $423.4M respectively. Brooge Energy's EBIT is $17.1M making its interest coverage ratio 0.8. It has cash and short-term investments of $4.1M.
Key information
293.1%
Debt to equity ratio
US$156.08m
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$4.09m |
| Equity | US$53.25m |
| Total liabilities | US$423.43m |
| Total assets | US$476.68m |
Recent financial health updates
Recent updates
Returns On Capital At Brooge Energy (NASDAQ:BROG) Paint A Concerning Picture
Aug 19
Here's What's Concerning About Brooge Energy's (NASDAQ:BROG) Returns On Capital
Mar 04Brooge Energy, A Tollbooth At The Hormuz Chokepoint: A Midstream Stock You Do Not Want To Miss
Nov 03Be Wary Of Brooge Energy (NASDAQ:BROG) And Its Returns On Capital
Oct 21Is Brooge Energy (NASDAQ:BROG) Using Too Much Debt?
Sep 16Brooge Energy (NASDAQ:BROG) Seems To Be Using A Lot Of Debt
Jun 09Brooge Energy's (NASDAQ:BROG) Solid Earnings May Rest On Weak Foundations
Apr 14The Trends At Brooge Energy (NASDAQ:BROG) That You Should Know About
Mar 14Brooge Energy (NASDAQ:BROG) Shareholders Have Enjoyed A 22% Share Price Gain
Jan 20Brooge Energy’s subsidiary signs two new oil storage contracts
Dec 16Brooge Energy reports 1H results
Nov 30Here's Why Brooge Energy (NASDAQ:BROG) Has A Meaningful Debt Burden
Nov 29
Financial Position Analysis
Short Term Liabilities: BROG's short term assets ($13.6M) do not cover its short term liabilities ($334.1M).
Long Term Liabilities: BROG's short term assets ($13.6M) do not cover its long term liabilities ($89.4M).
Debt to Equity History and Analysis
Debt Level: BROG's net debt to equity ratio (285.5%) is considered high.
Reducing Debt: BROG's debt to equity ratio has increased from 89.3% to 293.1% 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 BROG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BROG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.9% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/19 19:33 |
| End of Day Share Price | 2025/02/19 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Brooge Energy Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Ian McLelland | Edison Investment Research |
| Marta Szudzichowska | Edison Investment Research |