OPAL Fuels Balance Sheet Health
Financial Health criteria checks 3/6
OPAL Fuels has a total shareholder equity of $453.5M and total debt of $198.3M, which brings its debt-to-equity ratio to 43.7%. Its total assets and total liabilities are $750.5M and $297.0M respectively. OPAL Fuels's EBIT is $12.2M making its interest coverage ratio 1.1. It has cash and short-term investments of $34.2M.
Key information
43.7%
Debt to equity ratio
US$198.29m
Debt
Interest coverage ratio | 1.1x |
Cash | US$34.18m |
Equity | US$453.53m |
Total liabilities | US$296.97m |
Total assets | US$750.50m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: OPAL's short term assets ($105.7M) exceed its short term liabilities ($75.4M).
Long Term Liabilities: OPAL's short term assets ($105.7M) do not cover its long term liabilities ($221.6M).
Debt to Equity History and Analysis
Debt Level: OPAL's net debt to equity ratio (36.2%) 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 well covered by operating cash flow (24.1%).
Interest Coverage: OPAL's interest payments on its debt are not well covered by EBIT (1.1x coverage).