Calumet Balance Sheet Health
Financial Health criteria checks 0/6
Calumet has a total shareholder equity of $-426.6M and total debt of $2.1B, which brings its debt-to-equity ratio to -492.5%. Its total assets and total liabilities are $2.6B and $3.1B respectively. Calumet's EBIT is $64.4M making its interest coverage ratio 0.3. It has cash and short-term investments of $34.6M.
Key information
-492.5%
Debt to equity ratio
US$2.10b
Debt
| Interest coverage ratio | 0.3x |
| Cash | US$34.60m |
| Equity | -US$426.60m |
| Total liabilities | US$3.07b |
| Total assets | US$2.64b |
Recent financial health updates
Recent updates
Long-Term Investing In Calumet Specialty Products
Nov 17Is There An Opportunity With Calumet, Inc.'s (NASDAQ:CLMT) 26% Undervaluation?
Nov 11
There's No Escaping Calumet, Inc.'s (NASDAQ:CLMT) Muted Revenues Despite A 28% Share Price Rise
Oct 16Calumet: A Compelling Energy Transition Turnaround
Oct 16Calumet (NASDAQ:CLMT) Could Become A Multi-Bagger
Oct 04Calumet: Near Term Catalysts For A Pop
Sep 23Calumet, Inc. (NASDAQ:CLMT) Soars 43% But It's A Story Of Risk Vs Reward
Aug 30Calumet Converted To A C-Corp, So What's Next
Jul 25Little Excitement Around Calumet, Inc.'s (NASDAQ:CLMT) Revenues
Jul 16Financial Position Analysis
Short Term Liabilities: CLMT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CLMT 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: CLMT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CLMT'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: CLMT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CLMT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.