OPAL Fuels Balance Sheet Health
Financial Health criteria checks 2/6
OPAL Fuels has a total shareholder equity of $457.5M and total debt of $198.2M, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are $754.6M and $297.1M respectively. OPAL Fuels's EBIT is $1.5M making its interest coverage ratio 0.2. It has cash and short-term investments of $48.2M.
Key information
43.3%
Debt to equity ratio
US$198.15m
Debt
Interest coverage ratio | 0.2x |
Cash | US$48.22m |
Equity | US$457.49m |
Total liabilities | US$297.12m |
Total assets | US$754.61m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: OPAL's short term assets ($128.1M) exceed its short term liabilities ($76.4M).
Long Term Liabilities: OPAL's short term assets ($128.1M) do not cover its long term liabilities ($220.7M).
Debt to Equity History and Analysis
Debt Level: OPAL's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if OPAL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: OPAL's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: OPAL's interest payments on its debt are not well covered by EBIT (0.2x coverage).