This company has been acquired
CSI Compressco Balance Sheet Health
Financial Health criteria checks 2/6
CSI Compressco has a total shareholder equity of $-38.9M and total debt of $641.7M, which brings its debt-to-equity ratio to -1651.3%. Its total assets and total liabilities are $687.0M and $725.9M respectively. CSI Compressco's EBIT is $50.7M making its interest coverage ratio 0.9. It has cash and short-term investments of $7.0M.
Key information
-1,651.3%
Debt to equity ratio
US$641.68m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$7.01m |
| Equity | -US$38.86m |
| Total liabilities | US$725.90m |
| Total assets | US$687.04m |
Recent financial health updates
Recent updates
CSI Compressco GAAP EPS of -$0.05, revenue of $84.5M
Aug 09CSI Compressco declares $0.01 dividend
Jul 21$100 Oil Is Here To Stay - And 'Drill, Baby, Drill' Is On The Way!
Apr 13CSI Compressco Stock: Creditors Take One More Chunk Of Flesh
Dec 01CSI Compressco EPS in-line, misses on revenue
Apr 30CSI Compressco regains Nasdaq compliance
Dec 18CSI Compressco (CCLP) Presents At Bank of America 2020 Leveraged Finance Conference- Slideshow
Dec 15CSI Compressco EPS beats by $0.08, beats on revenue
Nov 02Financial Position Analysis
Short Term Liabilities: CCLP has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CCLP has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CCLP has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CCLP's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 CCLP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CCLP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.7% per year.