Blue Dolphin Energy Balance Sheet Health
Financial Health criteria checks 4/6
Blue Dolphin Energy has a total shareholder equity of $41.9M and total debt of $47.4M, which brings its debt-to-equity ratio to 113.1%. Its total assets and total liabilities are $105.9M and $64.1M respectively. Blue Dolphin Energy's EBIT is $22.7M making its interest coverage ratio 4. It has cash and short-term investments of $308.0K.
Key information
113.1%
Debt to equity ratio
US$47.36m
Debt
| Interest coverage ratio | 4x |
| Cash | US$308.00k |
| Equity | US$41.87m |
| Total liabilities | US$64.08m |
| Total assets | US$105.95m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BDCO's short term assets ($49.6M) exceed its short term liabilities ($32.0M).
Long Term Liabilities: BDCO's short term assets ($49.6M) exceed its long term liabilities ($32.1M).
Debt to Equity History and Analysis
Debt Level: BDCO's net debt to equity ratio (112.4%) is considered high.
Reducing Debt: BDCO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: BDCO's debt is not well covered by operating cash flow (3.2%).
Interest Coverage: BDCO's interest payments on its debt are well covered by EBIT (4x coverage).