Blue Dolphin Energy Balance Sheet Health
Financial Health criteria checks 4/6
Blue Dolphin Energy has a total shareholder equity of $41.6M and total debt of $48.5M, which brings its debt-to-equity ratio to 116.6%. Its total assets and total liabilities are $106.1M and $64.5M respectively. Blue Dolphin Energy's EBIT is $37.9M making its interest coverage ratio 6.5. It has cash and short-term investments of $18.8M.
Key information
116.6%
Debt to equity ratio
US$48.49m
Debt
| Interest coverage ratio | 6.5x |
| Cash | US$18.82m |
| Equity | US$41.60m |
| Total liabilities | US$64.48m |
| Total assets | US$106.08m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BDCO's short term assets ($49.3M) do not cover its short term liabilities ($55.4M).
Long Term Liabilities: BDCO's short term assets ($49.3M) exceed its long term liabilities ($9.1M).
Debt to Equity History and Analysis
Debt Level: BDCO's net debt to equity ratio (71.3%) 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 well covered by operating cash flow (41.3%).
Interest Coverage: BDCO's interest payments on its debt are well covered by EBIT (6.5x coverage).