Empire Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Empire Petroleum has a total shareholder equity of $35.0M and total debt of $5.7M, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are $92.6M and $57.7M respectively.
Key information
16.3%
Debt to equity ratio
US$5.70m
Debt
Interest coverage ratio | n/a |
Cash | US$7.79m |
Equity | US$34.96m |
Total liabilities | US$57.66m |
Total assets | US$92.62m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EP's short term assets ($18.7M) do not cover its short term liabilities ($25.0M).
Long Term Liabilities: EP's short term assets ($18.7M) do not cover its long term liabilities ($32.6M).
Debt to Equity History and Analysis
Debt Level: EP has more cash than its total debt.
Reducing Debt: EP had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: EP has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EP is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.