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 ratio | 3.3x |
| Cash | US$3.70m |
| Equity | US$142.46m |
| Total liabilities | US$364.22m |
| Total assets | US$506.69m |
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 ($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).