Enservco Balance Sheet Health
Financial Health criteria checks 4/6
Enservco has a total shareholder equity of $1.5M and total debt of $5.5M, which brings its debt-to-equity ratio to 367.8%. Its total assets and total liabilities are $11.6M and $10.1M respectively.
Key information
367.8%
Debt to equity ratio
US$5.51m
Debt
| Interest coverage ratio | n/a |
| Cash | US$332.00k |
| Equity | US$1.50m |
| Total liabilities | US$10.12m |
| Total assets | US$11.62m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENSV's short term assets ($8.1M) do not cover its short term liabilities ($8.2M).
Long Term Liabilities: ENSV's short term assets ($8.1M) exceed its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: ENSV's net debt to equity ratio (345.6%) is considered high.
Reducing Debt: ENSV's debt to equity ratio has reduced from 571.1% to 367.8% 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: Whilst unprofitable ENSV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ENSV is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.1% per year.