Battalion Oil Balance Sheet Health
Financial Health criteria checks 2/6
Battalion Oil has a total shareholder equity of $174.6M and total debt of $190.4M, which brings its debt-to-equity ratio to 109.1%. Its total assets and total liabilities are $485.3M and $310.8M respectively. Battalion Oil's EBIT is $30.3M making its interest coverage ratio 1. It has cash and short-term investments of $57.5M.
Key information
109.1%
Debt to equity ratio
US$190.38m
Debt
| Interest coverage ratio | 1x |
| Cash | US$57.53m |
| Equity | US$174.56m |
| Total liabilities | US$310.78m |
| Total assets | US$485.34m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: BATL's short term assets ($90.5M) do not cover its short term liabilities ($134.4M).
Long Term Liabilities: BATL's short term assets ($90.5M) do not cover its long term liabilities ($176.4M).
Debt to Equity History and Analysis
Debt Level: BATL's net debt to equity ratio (76.1%) is considered high.
Reducing Debt: BATL's debt to equity ratio has increased from 51.2% to 109.1% over the past 5 years.
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: BATL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: BATL is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.