ENGlobal Balance Sheet Health
Financial Health criteria checks 0/6
ENGlobal has a total shareholder equity of $-4.4M and total debt of $2.3M, which brings its debt-to-equity ratio to -52%. Its total assets and total liabilities are $13.2M and $17.7M respectively.
Key information
-52.0%
Debt to equity ratio
US$2.30m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.23m |
| Equity | -US$4.43m |
| Total liabilities | US$17.67m |
| Total assets | US$13.23m |
Recent financial health updates
Recent updates
ENGlobal Corporation (NASDAQ:ENG) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough
Feb 07
Lacklustre Performance Is Driving ENGlobal Corporation's (NASDAQ:ENG) 25% Price Drop
Dec 19ENGlobal Corporation (NASDAQ:ENG) Looks Inexpensive After Falling 28% But Perhaps Not Attractive Enough
Apr 17ENGlobal (NASDAQ:ENG) Has Debt But No Earnings; Should You Worry?
Nov 11ENG subsidiary wins ~$2.6M task order
Sep 01ENG subsidiary bags $20M contract with US Army Corps of Engineers
Aug 18ENGlobal Q2 2022 Earnings Preview
Aug 03ENGlobal slumps in trade on $20M registered direct offering
Jun 02ENGlobal reports Q1 results
May 06ENGlobal reports Q3 results
Nov 05Financial Position Analysis
Short Term Liabilities: ENG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ENG 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: ENG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ENG'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: ENG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ENG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26.6% each year