Empire Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Empire Petroleum has a total shareholder equity of $56.5M and total debt of $8.7M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are $121.2M and $64.7M respectively.
Key information
15.4%
Debt to equity ratio
US$8.71m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.15m |
| Equity | US$56.53m |
| Total liabilities | US$64.71m |
| Total assets | US$121.24m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EP's short term assets ($11.7M) do not cover its short term liabilities ($27.0M).
Long Term Liabilities: EP's short term assets ($11.7M) do not cover its long term liabilities ($37.7M).
Debt to Equity History and Analysis
Debt Level: EP's net debt to equity ratio (9.8%) is considered satisfactory.
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 1 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 3 months based on free cash flow estimates, but has since raised additional capital.