HighPeak Energy Balance Sheet Health
Financial Health criteria checks 2/6
HighPeak Energy has a total shareholder equity of $1.6B and total debt of $1.2B, which brings its debt-to-equity ratio to 74.1%. Its total assets and total liabilities are $3.1B and $1.5B respectively. HighPeak Energy's EBIT is $433.0M making its interest coverage ratio 3. It has cash and short-term investments of $194.5M.
Key information
74.1%
Debt to equity ratio
US$1.15b
Debt
Interest coverage ratio | 3x |
Cash | US$194.52m |
Equity | US$1.55b |
Total liabilities | US$1.53b |
Total assets | US$3.08b |
Recent financial health updates
Recent updates
Why HighPeak Energy's (NASDAQ:HPK) Shaky Earnings Are Just The Beginning Of Its Problems
Mar 13Earnings Update: HighPeak Energy, Inc. (NASDAQ:HPK) Just Reported And Analysts Are Trimming Their Forecasts
Mar 10HighPeak Energy Expects Production To Decline From H2 2023 Levels (Downgrade)
Mar 08Further Upside For HighPeak Energy, Inc. (NASDAQ:HPK) Shares Could Introduce Price Risks After 27% Bounce
Mar 02Is HighPeak Energy (NASDAQ:HPK) Using Too Much Debt?
Jan 19Why We're Not Concerned About HighPeak Energy, Inc.'s (NASDAQ:HPK) Share Price
Jun 08With EPS Growth And More, HighPeak Energy (NASDAQ:HPK) Makes An Interesting Case
Apr 21Here's Why We Think HighPeak Energy (NASDAQ:HPK) Is Well Worth Watching
Dec 22HighPeak Energy: Drill Baby, Drill
Oct 18HighPeak Energy declares $0.025 dividend
Oct 11HighPeak Energy, Inc. Poised To Benefit From Strong Fossil Fuels Tailwinds
Aug 20HighPeak Energy declares $0.025 dividend
Jul 14HighPeak: Routine Growing Pains Create Opportunity
May 25HighPeak Energy: Beneficiary Of Oil Price Increase With Troubling Future Prospects
May 10Financial Position Analysis
Short Term Liabilities: HPK's short term assets ($328.8M) exceed its short term liabilities ($287.4M).
Long Term Liabilities: HPK's short term assets ($328.8M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: HPK's net debt to equity ratio (61.6%) is considered high.
Reducing Debt: Insufficient data to determine if HPK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HPK's debt is well covered by operating cash flow (65.8%).
Interest Coverage: HPK's interest payments on its debt are not well covered by EBIT (3x coverage).